Is Lucerne, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lucerne is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Lucerne was a Buyer's Market.

Key Takeaway

Lucerne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lucerne, CA

How much do homes in Lucerne, CA cost?

Median Sold Price

$255,000

$259/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$65,000(-20.3%)

Key Takeaway

Homes in Lucerne have sold for 20.3% less than they did a month ago.

Summary: The median home sold price in Lucerne was $255,000 in May 2024, down 20.3% from last month, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$250K
N/A
2 $320K-
N/A
3 $449K$301.2K
-32.9%
4 -$600K
N/A
5+ --
N/A

Summary: Lucerne housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lucerne, CA

How many homes are available in Lucerne, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
25250.0%

Summary: The Lucerne real estate market had 25 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 76
-14.3%
3 67
+16.7%
4 77
0.0%
5+ 11
0.0%

Summary: The Lucerne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 6 homes were sold or pending in Lucerne in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Apr 2024May 2024CHANGE
40 Days147 Days+269.5%

Summary: Homes in Lucerne had an average of 147 days on market in May 2024, up by 269.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lucerne has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Lucerne; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Lucerne, CA

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