Is Lucerne Valley, 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 Valley has remained a Neutral Market.
Housing Prices in Lucerne Valley, CA
How much do homes in Lucerne Valley, CA cost?
Median Sold Price
$281,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lucerne Valley was $281,000 in June 2024, up 8.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $57.5K | -62.9% |
2 Bedrooms | $213K | $228.6K | +7.3% |
3 Bedrooms | $305K | $317.5K | +4.1% |
4 Bedrooms | $373.5K | $381.2K | +2.1% |
5+ Bedrooms | $361K | $315K | -12.7% |
Summary: Lucerne Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
Fawnskin | $520K | $578.5K | +11.3% |
Lucerne Valley | $260K | $281K | +8.1% |
Victorville-Hesperia | $408.1K | $428.6K | +5.0% |
Big Bear | $440.4K | $450.4K | +2.3% |
Landers | $288.2K | $263.4K | -8.6% |
Housing Supply in Lucerne Valley, CA
How many homes are available in Lucerne Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
52 | 54 | +3.8% |
Summary: The Lucerne Valley real estate market had 54 homes for sale in June 2024, a 3.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lucerne Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lucerne Valley in June 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Lucerne Valley, CA
How long does it take to sell a home in Lucerne Valley, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
29 Days | 72 Days | +147.5% |
Summary: Homes in Lucerne Valley had an average of 72 days on market in Jun 2024, up by 147.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Lucerne Valley; 33% 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.