Is Lucerne-Clearlake Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lucerne-Clearlake Oaks was a Buyer's Market.
Housing Prices in Lucerne-Clearlake Oaks, CA
How much do homes in Lucerne-Clearlake Oaks, CA cost?
Median Sold Price
$276,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lucerne-Clearlake Oaks was $276,000 in May 2024, up 0.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $229K | +47.7% |
2 Bedrooms | $230K | $240K | +4.3% |
3 Bedrooms | $316K | $340K | +7.6% |
4 Bedrooms | $300K | $325K | +8.3% |
5+ Bedrooms | - | $185K | N/A |
Summary: Lucerne-Clearlake Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Clearlake Oaks | $275K | $280K | +1.8% |
Lucerne-Clearlake Oaks | $275K | $276K | 0.4% |
Housing Supply in Lucerne-Clearlake Oaks, CA
How many homes are available in Lucerne-Clearlake Oaks, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 82 | +5.1% |
Summary: The Lucerne-Clearlake Oaks real estate market had 82 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 30 | 30 | 0.0% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lucerne-Clearlake Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 18 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lucerne-Clearlake Oaks in May 2024, up by 100.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Lucerne-Clearlake Oaks, CA
How long does it take to sell a home in Lucerne-Clearlake Oaks, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 99 Days | +53.3% |
Summary: Homes in Lucerne-Clearlake Oaks had an average of 99 days on market in May 2024, up by 53.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Lucerne-Clearlake Oaks; 28% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.