The Lake Shores housing market is very competitive. The median sale price of a home in Lake Shores was $254K last month, down 41.3% since last year. The median sale price per square foot in Lake Shores is $179, down 15.0% since last year.
What is the housing market like in Lake Shores today?
In March 2024, Lake Shores home prices were down 41.3% compared to last year, selling for a median price of $254K. On average, homes in Lake Shores sell after 31 days on the market compared to 17 days last year. There were 12 homes sold in March this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$253,500
-41.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lake Shores, VA
$253,500
-41.3%
United States
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How hot is the Lake Shores housing market?
Lake Shores is very competitive. Homes sell in 26.5 days.
0
100
75
Very 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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 27 days.
Hot homes
can sell for about 3% above list price and go pending in around 11 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 Shores housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Shores.
Risk Factor
Flood Factor - Major
59% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Shores has a major risk of flooding. 146 properties in Lake Shores are likely to be
severely affected
by flooding over the next 30 years. This represents 59% of all properties in Lake Shores. Flood risk is increasing faster than the national average.
4% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Shores has a minor risk of wildfire. There are 28 properties in Lake Shores that have some risk of being affected by wildfire over the next 30 years. This represents 4% of all properties in Lake Shores.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Lake Shores has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Shores is most at risk from hurricanes. 657 properties in Lake Shores 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 132 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 145 mph.