Is Green Valley Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Green Valley Lake has remained a Buyer's Market.
Key Takeaway
Green Valley Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Green Valley Lake, CA
How much do homes in Green Valley Lake, CA cost?
Median Sold Price
$344,950
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Green Valley Lake have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Green Valley Lake was $344,950 in May 2024, down 0.7% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $252.5K | -14.4% |
| 2 Bedrooms | $339.9K | $330K | -2.9% |
| 3 Bedrooms | $400K | $405K | +1.3% |
| 4 Bedrooms | $535K | $450K | -15.9% |
| 5+ Bedrooms | - | $660K | N/A |
Summary: Green Valley Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fawnskin | $569K | $570K | 0.2% |
| Big Bear | $449.4K | $449.2K | -0.1% |
| Green Valley Lake | $347.5K | $344.9K | -0.7% |
| Lake Arrowhead | $498.3K | $489.4K | -1.8% |
Housing Supply in Green Valley Lake, CA
How many homes are available in Green Valley Lake, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 44 | +25.7% |
Summary: The Green Valley Lake real estate market had 44 homes for sale in May 2024, a 25.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Green Valley Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Green Valley Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Green Valley Lake in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Green Valley Lake, CA
How long does it take to sell a home in Green Valley Lake, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 84 Days | +663.6% |
Summary: Homes in Green Valley Lake had an average of 84 days on market in May 2024, up by 663.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Green Valley Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Green Valley Lake; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.