Is Lucerne, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lucerne has remained a Buyer's Market.
Key Takeaway
Lucerne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lucerne, CA
How much do homes in Lucerne, CA cost?
Median Sold Price
$256,750
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lucerne have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Lucerne was $256,750 in June 2024, down 4.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $250K | +85.2% |
| 2 Bedrooms | $227.5K | $227.5K | 0.0% |
| 3 Bedrooms | $320K | $310K | -3.1% |
| 4 Bedrooms | $330K | $325K | -1.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lucerne housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Upper Lake-Nice | $280K | $310K | +10.7% |
| Lucerne-Clearlake Oaks | $275K | $265K | -3.6% |
| Lucerne | $270K | $256.7K | -4.9% |
Housing Supply in Lucerne, CA
How many homes are available in Lucerne, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Lucerne real estate market had 23 homes for sale in June 2024, a 4.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 4 | 10 | +150.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lucerne housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lucerne, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lucerne in June 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lucerne, CA
How long does it take to sell a home in Lucerne, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 98 Days | +153.4% |
Summary: Homes in Lucerne had an average of 98 days on market in Jun 2024, up by 153.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lucerne has remained consistent over time.
Summary: During June 2024, 2 homes were sold in Lucerne; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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