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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearlake Riviera is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Clearlake Riviera, CA

How much do homes in Clearlake Riviera, CA cost?

Median Sold Price

$370,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,000(-1.3%)

Key Takeaway

Homes in Clearlake Riviera have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Clearlake Riviera was $370,000 in May 2024, down 1.3% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$354.2K
N/A
2 $354K$340K
-4.0%
3 $375K$375K
0.0%
4 $410K$465.5K
+13.5%
5+ $1.2M$485K
-59.6%

Summary: Clearlake Riviera housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 59.6%.

Median Sold Price Compared To Nearby Cities

Lower Lake
+5.4%
Clearlake Oaks
+1.8%
Cobb
+1.0%
Clearlake Riviera
-1.3%
Kelseyville
-3.8%

Housing Supply in Clearlake Riviera, CA

How many homes are available in Clearlake Riviera, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
92105+14.1%

Summary: The Clearlake Riviera real estate market had 105 homes for sale in May 2024, a 14.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1620
+25.0%
3 5457
+5.6%
4 1823
+27.8%
5+ 34
+33.3%

Summary: The Clearlake Riviera 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 increased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 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 Riviera, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Clearlake Riviera in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Clearlake Riviera, CA

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

Average Sale Time

May 2023May 2024CHANGE
134 Days87 Days-35.2%

Summary: Homes in Clearlake Riviera had an average of 87 days on market in May 2024, down by 35.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Clearlake Riviera; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 13 Days Ago

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