Is Lower Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lower Lake was a Seller's Market.
Key Takeaway
Lower Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Lake, CA
How much do homes in Lower Lake, CA cost?
Median Sold Price
$435,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Lower Lake has remained the same since last year.
Summary: The median home sold price in Lower Lake was $435,000 in June 2024, down 0.3% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | - | N/A |
| 2 Bedrooms | $435K | $358.7K | -17.5% |
| 3 Bedrooms | $436.5K | $429.9K | -1.5% |
| 4 Bedrooms | $936.2K | $481.2K | -48.6% |
| 5+ Bedrooms | $925K | $613.7K | -33.6% |
Summary: Lower Lake housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 48.6%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Cities
| Hidden Valley Lake | $389.9K | $389.9K | 0.0% |
| Lower Lake | $436.5K | $435K | -0.3% |
| Middletown | $389K | $385K | -1.0% |
| Cobb | $315K | $307.5K | -2.4% |
| Clearlake | $245K | $233K | -4.9% |
Housing Supply in Lower Lake, CA
How many homes are available in Lower Lake, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Lower Lake real estate market had 48 homes for sale in June 2024, a 4.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lower Lake housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Lake, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lower Lake in June 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Lower Lake, CA
How long does it take to sell a home in Lower Lake, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 127 Days | 43 Days | -65.9% |
Summary: Homes in Lower Lake had an average of 43 days on market in Jun 2024, down by 65.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Lake are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Lower Lake; 25% 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.
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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