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 June 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

$375,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Clearlake Riviera have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Clearlake Riviera was $375,000 in June 2024, up 1.4% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$354.2K
N/A
2 $353K$332.5K
-5.8%
3 $370K$391K
+5.7%
4 $410K$465.5K
+13.5%
5+ $1.2M$485K
-59.6%

Summary: Clearlake Riviera housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 59.6%.

Median Sold Price Compared To Nearby Cities

Clearlake Oaks
+1.8%
Clearlake Riviera
+1.4%
Lower Lake
-0.3%
Kelseyville
-1.9%
Cobb
-2.4%

Housing Supply in Clearlake Riviera, CA

How many homes are available in Clearlake Riviera, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
103121+17.5%

Summary: The Clearlake Riviera real estate market had 121 homes for sale in June 2024, a 17.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 1619
+18.8%
3 5972
+22.0%
4 2222
0.0%
5+ 57
+40.0%

Summary: The Clearlake Riviera housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 22%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

May 2024Jun 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Clearlake Riviera in June 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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

Jun 2023Jun 2024CHANGE
64 Days104 Days+62.1%

Summary: Homes in Clearlake Riviera had an average of 104 days on market in Jun 2024, up by 62.1% 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 Riviera are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 10 homes were sold in Clearlake Riviera; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 26 Days Ago

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