Is Lucerne-Clearlake Oaks, 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-Clearlake Oaks was a Seller's Market.
Key Takeaway
Lucerne-Clearlake Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lucerne-Clearlake Oaks, CA
How much do homes in Lucerne-Clearlake Oaks, CA cost?
Median Sold Price
$265,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lucerne-Clearlake Oaks have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Lucerne-Clearlake Oaks was $265,000 in March 2024, down 3.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $142K | -11.3% |
| 2 Bedrooms | $231K | $231.5K | 0.2% |
| 3 Bedrooms | $326K | $330K | +1.2% |
| 4 Bedrooms | $277.5K | $320K | +15.3% |
| 5+ Bedrooms | - | $185K | N/A |
Summary: Lucerne-Clearlake Oaks housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lucerne | $255K | $260K | +2.0% |
| Lucerne-Clearlake Oaks | $275K | $265K | -3.6% |
Housing Supply in Lucerne-Clearlake Oaks, CA
How many homes are available in Lucerne-Clearlake Oaks, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 70 | +11.1% |
Summary: The Lucerne-Clearlake Oaks real estate market had 70 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lucerne-Clearlake Oaks 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 11.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
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 Lucerne-Clearlake Oaks, 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 Lucerne-Clearlake Oaks in March 2024, down by 42.9% 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-Clearlake Oaks, CA
How long does it take to sell a home in Lucerne-Clearlake Oaks, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 170 Days | +39.3% |
Summary: Homes in Lucerne-Clearlake Oaks had an average of 170 days on market in Mar 2024, up by 39.3% 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
Key Takeaway
Most homes in Lucerne-Clearlake Oaks are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Lucerne-Clearlake Oaks; 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.
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information.