Is Lucerne, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lucerne was a Seller's Market.
Housing Prices in Lucerne, CA
How much do homes in Lucerne, CA cost?
Median Sold Price
$260,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lucerne was $260,000 in March 2024, up 2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $230K | $225K | -2.2% |
3 Bedrooms | $297.5K | $293K | -1.5% |
4 Bedrooms | $444.5K | $325K | -26.9% |
5+ Bedrooms | - | - | N/A |
Summary: Lucerne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Upper Lake-Nice | $289K | $310K | +7.3% |
Lucerne | $255K | $260K | +2.0% |
Lucerne-Clearlake Oaks | $275K | $265K | -3.6% |
Housing Supply in Lucerne, CA
How many homes are available in Lucerne, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The Lucerne real estate market had 29 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lucerne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lucerne in March 2024, up by 300.0% 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 Lucerne, CA
How long does it take to sell a home in Lucerne, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 170 Days | +40.8% |
Summary: Homes in Lucerne had an average of 170 days on market in Mar 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Lucerne; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.