The Lake Shore housing market is somewhat competitive. The median sale price of a home in Lake Shore was $435K last month, down 3.3% since last year. The median sale price per square foot in Lake Shore is $298, up 25.2% since last year.
What is the housing market like in Lake Shore today?
In March 2024, Lake Shore home prices were down 3.3% compared to last year, selling for a median price of $435K. On average, homes in Lake Shore sell after 37 days on the market compared to 47 days last year. There were 13 homes sold in March this year, down from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$435,000
-3.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lake Shore, MD
$435,000
-3.3%
United States
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How hot is the Lake Shore housing market?
Lake Shore is somewhat competitive. Homes sell in 34 days.
0
100
66
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 around list price and go pending in around 34 days.
Hot homes
can sell for about 2% above list price and go pending in around 6 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lake Shore
Explore recent offers and recently sold homes in Lake Shore
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 Shore housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Shore.
Risk Factor
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Shore has a moderate risk of flooding. 900 properties in Lake Shore are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Lake Shore. Flood risk is increasing faster than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Shore has a moderate risk of wildfire. There are 3,211 properties in Lake Shore that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in Lake Shore.
96% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Lake Shore has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Shore is most at risk from hurricanes. 7,520 properties in Lake Shore have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 120 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 141 mph.