Is Clearlake Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Clearlake Oaks was a Neutral Market.
Key Takeaway
Clearlake Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices
How much do homes in Clearlake Oaks, CA cost?
Median Sold Price
$290,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in Clearlake Oaks have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Clearlake Oaks was $290,000 in October 2023, up 1.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $129K | +416.0% |
| 2 Bedrooms | $250K | $227.5K | -9.0% |
| 3 Bedrooms | $337K | $338K | 0.3% |
| 4 Bedrooms | $287.5K | $315K | +9.6% |
| 5+ Bedrooms | - | $185K | N/A |
Summary: Clearlake Oaks housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes increased by 416%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Clearlake Oaks | $285K | $290K | +1.8% |
| Lucerne-Clearlake Oaks | $275K | $280K | +1.8% |
| Lucerne | $265K | $256.7K | -3.1% |
| Clearlake | $244K | $212.5K | -12.9% |
Housing Supply
How many homes are available in Clearlake Oaks, CA?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The Clearlake Oaks real estate market had 46 homes for sale in October 2023, a 8.0% decrease compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Clearlake Oaks housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearlake Oaks, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Clearlake Oaks in October 2023, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Clearlake Oaks, CA?
Average Sale Time
| Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|
| 101 Days | 76 Days | -24.5% |
Summary: Homes in Clearlake Oaks had an average of 76 days on market in Oct 2023, down by 24.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Clearlake Oaks are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2023, 6 homes were sold in Clearlake Oaks; 17% of homes were sold within 30 days, 17% 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. 
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