The median sale price of a home in Lake Terrace was $504K last month, up 75.1% since last year. The median sale price per square foot in Lake Terrace is $283, up 6.4% since last year.
What is the housing market like in Lake Terrace today?
In March 2024, Lake Terrace home prices were up 75.1% compared to last year, selling for a median price of $504K. On average, homes in Lake Terrace sell after 39 days on the market compared to 10 days last year. There were 4 homes sold in March this year, up from 4 last year.
$477K
Sale Price
+107.4% since last year
$283
Sale $/Sq. Ft.
+6.4% since last year
Under List Price
2.6%
Days on Market
16
Down Payment
—
Total Homes Sold
1
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Home offer insights for Lake Terrace
Explore recent offers and recently sold homes in Lake Terrace
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Climate's impact on Lake Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Terrace.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Terrace has a minor risk of flooding. 5 properties in Lake Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Lake Terrace. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Terrace has a minor risk of wildfire. There are 3 properties in Lake Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Lake Terrace.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Terrace has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Terrace is most at risk from hurricanes. 273 properties in Lake Terrace 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 136 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 147 mph.