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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lucerne-Clearlake Oaks is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lucerne-Clearlake Oaks was a Buyer's Market.

Key Takeaway

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

Housing Prices in Lucerne-Clearlake Oaks, CA

How much do homes in Lucerne-Clearlake Oaks, CA cost?

Median Sold Price

$276,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,000(+0.4%)

Key Takeaway

The sold price of homes in Lucerne-Clearlake Oaks has remained the same since last year.

Summary: The median home sold price in Lucerne-Clearlake Oaks was $276,000 in May 2024, up 0.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $155K$229K
+47.7%
2 $230K$240K
+4.3%
3 $316K$340K
+7.6%
4 $300K$325K
+8.3%
5+ -$185K
N/A

Summary: Lucerne-Clearlake Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clearlake Oaks
+1.8%
Lucerne-Clearlake Oaks
0.4%

Housing Supply in Lucerne-Clearlake Oaks, CA

How many homes are available in Lucerne-Clearlake Oaks, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7882+5.1%

Summary: The Lucerne-Clearlake Oaks real estate market had 82 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 98
-11.1%
2 3030
0.0%
3 2530
+20.0%
4 1010
0.0%
5+ 44
0.0%

Summary: The Lucerne-Clearlake Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
918+100.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lucerne-Clearlake Oaks, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Lucerne-Clearlake Oaks in May 2024, up by 100.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.

Days on Market for Lucerne-Clearlake Oaks, CA

How long does it take to sell a home in Lucerne-Clearlake Oaks, CA?

Average Sale Time

May 2023May 2024CHANGE
64 Days99 Days+53.3%

Summary: Homes in Lucerne-Clearlake Oaks had an average of 99 days on market in May 2024, up by 53.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lucerne-Clearlake Oaks are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 18 homes were sold in Lucerne-Clearlake Oaks; 28% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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

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