The Lake Balboa housing market is somewhat competitive. The median sale price of a home in Lake Balboa was $868K last month, up 2.1% since last year. The median sale price per square foot in Lake Balboa is $598, up 3.2% since last year.
What is the housing market like in Lake Balboa today?
In March 2024, Lake Balboa home prices were up 2.1% compared to last year, selling for a median price of $868K. On average, homes in Lake Balboa sell after 37 days on the market compared to 49 days last year. There were 48 homes sold in March this year, down from 54 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$867,500
+2.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lake Balboa, CA
$867,500
+2.1%
United States
To compare other locations to the Lake Balboa and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Los Angeles add value to a home.
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How hot is the Lake Balboa housing market?
Lake Balboa is somewhat competitive. Homes sell in 36 days.
0
100
68
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 36 days.
Hot homes
can sell for about 4% above list price and go pending in around 18 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
The Academy For Enriched Sciences
Public • K-5 • Choice school
312
Students
19 reviews
8/10
Lorne Street Elementary School
Public • K-5
528
Students
47 reviews
8/10
Lake Balboa College Preparatory Magnet K-12
Public • K-12 • Choice school
582
Students
29 reviews
8/10
Lemay Street Elementary School
Public • K-5
394
Students
15 reviews
6/10
Stagg Street Elementary School
Public • K-5
458
Students
12 reviews
Only showing 5 of
9 elementary schools.
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.