Is Green Valley Lake, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Green Valley Lake is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Green Valley Lake was a Seller's Market.

Key Takeaway

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

Housing Prices in Green Valley Lake, CA

How much do homes in Green Valley Lake, CA cost?

Median Sold Price

$344,950

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$4,050(-1.2%)

Key Takeaway

Homes in Green Valley Lake have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Green Valley Lake was $344,950 in February 2024, down 1.2% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $287.5K$251.2K
-12.6%
2 $339.9K$334.5K
-1.6%
3 $399.5K$385K
-3.6%
4 $467K$432K
-7.5%
5+ -$660K
N/A

Summary: Green Valley Lake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Big Bear
-0.8%
Green Valley Lake
-1.2%
Fawnskin
-4.2%
Lake Arrowhead
-4.4%
Cedar Glen
-14.6%

Housing Supply in Green Valley Lake, CA

How many homes are available in Green Valley Lake, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3430-11.8%

Summary: The Green Valley Lake real estate market had 30 homes for sale in February 2024, a 11.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 67
+16.7%
2 1311
-15.4%
3 98
-11.1%
4 53
-40.0%
5+ 11
0.0%

Summary: The Green Valley Lake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Green Valley Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Green Valley Lake in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Green Valley Lake, CA

How long does it take to sell a home in Green Valley Lake, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
70 Days63 Days-10.1%

Summary: Homes in Green Valley Lake had an average of 63 days on market in Feb 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Green Valley Lake are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in Green Valley Lake; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

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