Is Lake Hughes, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lake Hughes was a Buyer's Market.
Key Takeaway
Lake Hughes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Hughes, CA
How much do homes in Lake Hughes, CA cost?
Median Sold Price
$410,000
$319/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Lake Hughes have sold for 22.6% more than they did a month ago.
Summary: The median home sold price in Lake Hughes was $410,000 in November 2023, up 22.6% from last month, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $315K | +12.5% |
| 2 Bedrooms | - | $329K | N/A |
| 3 Bedrooms | $389K | $425K | +9.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Hughes housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 9.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lake Hughes, CA
How many homes are available in Lake Hughes, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Lake Hughes real estate market had 16 homes for sale in November 2023, a 6.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Hughes housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hughes, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Hughes in November 2023, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Lake Hughes, CA
How long does it take to sell a home in Lake Hughes, CA?
Average Sale Time
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 101 Days | 43 Days | -57.2% |
Summary: Homes in Lake Hughes had an average of 43 days on market in Nov 2023, down by 57.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Hughes are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 5 homes were sold in Lake Hughes; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.