Is Clearlake, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearlake is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Clearlake was a Seller's Market.

Key Takeaway

Clearlake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Clearlake, CA

How much do homes in Clearlake, CA cost?

Median Sold Price

$225,950

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$9,050(-3.9%)

Key Takeaway

Homes in Clearlake have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Clearlake was $225,950 in May 2024, down 3.9% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $138.5K$141.5K
+2.2%
2 $199.5K$190K
-4.8%
3 $272.5K$275K
+0.9%
4 $330K$325K
-1.5%
5+ $373.5K$325K
-13.0%

Summary: Clearlake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 13%.

Median Sold Price Compared To Nearby Cities

Lower Lake
+5.4%
Clearlake Oaks
+1.8%
Clearlake
-3.9%

Housing Supply in Clearlake, CA

How many homes are available in Clearlake, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
89103+15.7%

Summary: The Clearlake real estate market had 103 homes for sale in May 2024, a 15.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 25
+150.0%
2 2432
+33.3%
3 5459
+9.3%
4 64
-33.3%
5+ 33
0.0%

Summary: The Clearlake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearlake, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Clearlake in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.

Days on Market for Clearlake, CA

How long does it take to sell a home in Clearlake, CA?

Average Sale Time

May 2023May 2024CHANGE
35 Days103 Days+194.1%

Summary: Homes in Clearlake had an average of 103 days on market in May 2024, up by 194.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clearlake are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Clearlake; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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