Question 1

What is the median sold price in South Cooking Lake?

Accepted Answer

The median sold price in South Cooking Lake is $450,000 based on 17 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in South Cooking Lake?

Accepted Answer

The average sold price in South Cooking Lake is $441,582. Note that the average ($441,582) is lower than the median ($450,000), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in South Cooking Lake?

Accepted Answer

Home prices in South Cooking Lake range from $195,000 to $866,000 based on recent sales data. This $671,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in South Cooking Lake selling above or below asking price?

Accepted Answer

On average, homes in South Cooking Lake are selling at 97.5% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in South Cooking Lake?

Accepted Answer

Homes in South Cooking Lake are selling in an average of 100 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in South Cooking Lake?

Accepted Answer

The average price per square foot in South Cooking Lake is $336. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $672,000.

Question 7

How active is the real estate market in South Cooking Lake?

Accepted Answer

The South Cooking Lake market has seen 17 home sales over the past 2 years, with 5 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

Are home prices rising or falling in South Cooking Lake?

Accepted Answer

Home prices in South Cooking Lake have increased by 58.1% over the past 2 years. The average sold price moved from $348,250 to $550,500. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 9

Is South Cooking Lake a buyer's or seller's market?

Accepted Answer

Based on current data, South Cooking Lake is a buyer's market. Homes are selling in 100 days on average and at 97.5% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 10

What percentage of homes sell above asking price in South Cooking Lake?

Accepted Answer

In South Cooking Lake, 24% of homes sold above asking price, while 71% sold below asking. A moderate number of homes attract multiple offers.

Question 11

What size homes are selling in South Cooking Lake?

Accepted Answer

Homes selling in South Cooking Lake range from 853 to 2,776 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 12

How much do home prices vary in South Cooking Lake?

Accepted Answer

South Cooking Lake shows relatively consistent pricing with a standard deviation of $169,300 around the average price of $441,582. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 13

How do I find out how much a house sold for in South Cooking Lake?

Accepted Answer

Simply search our South Cooking Lake sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 14

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in South Cooking Lake will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 15

Do you show all MLS® sold listings for South Cooking Lake?

Accepted Answer

Our feed captures all MLS® listings sold page data available for South Cooking Lake. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

South Cooking Lake Homes Sold in the Last 30 Days

South Cooking Lake Sold Data Overview

Recently Sold in South Cooking Lake

Understanding the South Cooking Lake Market

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does South Cooking Lake compare to Rural Strathcona County?

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