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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Hughes is a buyer's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Lake Hughes was a Neutral Market.

Key Takeaway

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

How much do homes in Lake Hughes, CA cost?

Median Sold Price

$419,900

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$76,650(+22.3%)

Key Takeaway

Homes in Lake Hughes have sold for 22.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $202K$251.5K
+24.5%
2 $290.2K$353K
+21.6%
3 $350K$460K
+31.4%
4 $542K$450K
-17.0%
5+ $560K$1.0M
+89.3%

Median Sold Price Compared To Nearby Cities

Lake Hughes
+22.3%
Lancaster
+21.6%
North Antelope Valley
+21.4%
Newhall
+19.2%
Castaic
+14.3%

How many homes are available in Lake Hughes, CA?

Number of Homes For Sale

Apr 2022May 2022%
1719+11.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 76
-14.3%
3 710
+42.9%
4 11
0.0%
5+ 22
0.0%

Number of Homes Sold

Apr 2022May 2022%
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Hughes, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
43 Days6 Days-86.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Hughes, CA

Lake Hughes, CA has 19 homes for sale to choose from. In May 2022 in Lake Hughes, CA there were 11.8% more homes for sale than in April 2022. In May 2022 median list price was $419,900 and the average listing age was 6 days. Listing prices have changed in this real estate market between April 2022 and May 2022: 1 bedroom properties became 24.5% more expensive, 2 bedrooms properties prices increased by 21.6%, the cost of 3 bedrooms properties went up by 31.4%, prices of 4 bedrooms properties went down by 17%, prices of 5 bedrooms properties increased by 89.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 14.3%, the quantity of 3 bedrooms homes went up by 42.9%, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. Lake Hughes, CA housing market in May 2022 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

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