Is Lucerne, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lucerne was a Buyer's Market.
Key Takeaway
Lucerne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lucerne, CA
How much do homes in Lucerne, CA cost?
Median Sold Price
$255,000
$259/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lucerne have sold for 20.3% less than they did a month ago.
Summary: The median home sold price in Lucerne was $255,000 in May 2024, down 20.3% from last month, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $320K | - | N/A |
| 3 Bedrooms | $449K | $301.2K | -32.9% |
| 4 Bedrooms | - | $600K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lucerne housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lucerne, CA
How many homes are available in Lucerne, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Lucerne real estate market had 25 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lucerne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lucerne, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lucerne in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Lucerne, CA
How long does it take to sell a home in Lucerne, CA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 147 Days | +269.5% |
Summary: Homes in Lucerne had an average of 147 days on market in May 2024, up by 269.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lucerne has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Lucerne; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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