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Featured local agent — Lake Park, NC
Sarah Mitchell
Compass Real Estate · Lake Park, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Park, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$344,500median sale price
How is the Lake Park, NC housing market right now?
The median home sale price in Lake Park, NC is $344,500, down 13.9% year-over-year. Homes sell in an average of 74 days with 16 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Park a buyer's or seller's market?
Lake Park, NC is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 74 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
74
Average pace
Active listings
16
4.0 months supply
Sale-to-list
99.3%
Below asking
What does the Lake Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $344,500 |
| Median list price | $360,750 |
| Year-over-year price change | -13.9% |
| Average days on market | 74 days |
| Active inventory | 16 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 6 |
| Listings with a price cut | 12.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lake Park by property type?
How the Lake Park, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $372,000 | $191/sq ft | 3 | 63 days |
| Condo / Co-op | $274,800 | $176/sq ft | 1 | 133 days |
| Townhouse | $300,000 | $201/sq ft | 1 | 40 days |
Source: Redfin · Updated monthly
The Lake Park housing market is currently classified as a leaning buyer's with a median sale price of $344,500. Prices have fallen 13.9% compared to last year, with homes spending an average of 74 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Park
There are currently 16 homes listed for sale in Lake Park, North Carolina. The median listing price is $361K.
Active listings
16
Homes on market
Median list price
$361K
Avg. days on market
74
Days until sale
New this week
6
Newly listed
Who lives in Lake Park?
Population
3,365
Median income
$76,366/yr
Median age
41.6 years
Owner-occupied
80.0%
College grads
42.5%
Avg commute
27.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Park?
Zillow home value
$381,534
Zillow rent index
$2,395/mo
Price-to-rent ratio
13.3x
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Lake Park?
Lake Park is a community of approximately 3K residents with a median age of 41.6 years.The median household income is $76,366, which reflects a relatively affluent area with strong earning potential. 42.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Park, NC?
Want a head-to-head view? Compare Lake Park side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Park a good real estate investment market?
For investors evaluating Lake Park, the price-to-rent ratio of 13.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 13.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Park's median home price.
Frequently asked questions
What is the average home price in Lake Park?
The median home sale price in Lake Park is $344,500, down 13.9% from last year.
How long do homes stay on market in Lake Park?
Homes typically spend 74 days on market before going under contract.
What is the median income in Lake Park?
The median household income is $76,366 per year.
Is Lake Park a buyer's or seller's market?
With 4.0 months of supply, Lake Park is currently a leaning buyer's.
What is the Zillow home value estimate for Lake Park?
The Zillow Home Value Index (ZHVI) for Lake Park is $381,534, representing the typical home value in the area.
What is the median condo price in Lake Park?
The median condo/co-op sale price in Lake Park, NC is $274,800, compared to $372,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Park?
The median single-family home price in Lake Park, NC is $372,000 (about $191 per square foot).
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