Is EastLake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, EastLake has remained a Seller's Market.
Housing Prices in EastLake, CA
How much do homes in EastLake, CA cost?
Median Sold Price
$810,000
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in EastLake was $810,000 in April 2024, up 11.7% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427.5K | $460K | +7.6% |
2 Bedrooms | $555K | $580K | +4.5% |
3 Bedrooms | $691K | $800K | +15.8% |
4 Bedrooms | $925K | $1.0M | +10.3% |
5+ Bedrooms | $1.2M | $1.1M | -5.7% |
Summary: EastLake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
EastLake | $725K | $810K | +11.7% |
Greystone | $615K | $640K | +4.1% |
Housing Supply in EastLake, CA
How many homes are available in EastLake, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 51 | -8.9% |
Summary: The EastLake real estate market had 51 homes for sale in April 2024, a 8.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 23 | 17 | -26.1% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The EastLake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 12 | -52.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in EastLake in April 2024, down by 52.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for EastLake, CA
How long does it take to sell a home in EastLake, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 19 Days | -35.3% |
Summary: Homes in EastLake had an average of 19 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in EastLake; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.