Is Clearlake Riviera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Clearlake Riviera was a Seller's Market.
Key Takeaway
Clearlake Riviera is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clearlake Riviera, CA
How much do homes in Clearlake Riviera, CA cost?
Median Sold Price
$367,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clearlake Riviera have sold for 2% less than they did a year ago.
Summary: The median home sold price in Clearlake Riviera was $367,500 in March 2024, down 2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $245K | N/A |
| 2 Bedrooms | $325K | $332.5K | +2.3% |
| 3 Bedrooms | $380K | $375K | -1.3% |
| 4 Bedrooms | $410K | $429K | +4.6% |
| 5+ Bedrooms | $1.2M | $486.5K | -59.5% |
Summary: Clearlake Riviera housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 59.5%.
Median Sold Price Compared To Nearby Cities
| Lower Lake | $409K | $510K | +24.7% |
| Clearlake Riviera | $375K | $367.5K | -2.0% |
| Cobb | $325K | $315K | -3.1% |
| Kelseyville | $385K | $365K | -5.2% |
Housing Supply in Clearlake Riviera, CA
How many homes are available in Clearlake Riviera, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 87 | +19.2% |
Summary: The Clearlake Riviera real estate market had 87 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 37 | 46 | +24.3% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Clearlake Riviera housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearlake Riviera, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Clearlake Riviera in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 45 Days | -11.4% |
Summary: Homes in Clearlake Riviera had an average of 45 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clearlake Riviera are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Clearlake Riviera; 54% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% 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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