The Lake Balboa housing market is somewhat competitive. The median sale price of a home in Lake Balboa was $870K last month, up 0.6% since last year. The median sale price per square foot in Lake Balboa is $606, up 2.4% since last year.
What is the housing market like in Lake Balboa today?
In April 2024, Lake Balboa home prices were up 0.6% compared to last year, selling for a median price of $870K. On average, homes in Lake Balboa sell after 36 days on the market compared to 29 days last year. There were 61 homes sold in April this year, up from 53 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$870,000
+0.6% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lake Balboa, CA
$870,000
+0.6%
United States
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How hot is the Lake Balboa housing market?
Lake Balboa is somewhat competitive. Homes sell in 36.5 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 37 days.
Hot homes
can sell for about 4% above list price and go pending in around 24 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Balboa housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Balboa.
Risk Factor
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Balboa has a moderate risk of flooding. 1,226 properties in Lake Balboa are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Lake Balboa. Flood risk is increasing faster than the national average.
87% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Balboa has a moderate risk of wildfire. There are 8,370 properties in Lake Balboa that have some risk of being affected by wildfire over the next 30 years. This represents 87% of all properties in Lake Balboa.
Lake Balboa has minimal risk of severe winds over the next 30 years
Wind Factor
Lake Balboa has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.