Is Lucerne Valley, 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 Valley was a Seller's Market.
Key Takeaway
Lucerne Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lucerne Valley, CA
How much do homes in Lucerne Valley, CA cost?
Median Sold Price
$302,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lucerne Valley have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Lucerne Valley was $302,000 in March 2024, up 8.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $75K | -51.6% |
| 2 Bedrooms | $225K | $207.5K | -7.8% |
| 3 Bedrooms | $301K | $320K | +6.3% |
| 4 Bedrooms | $361K | $375K | +3.9% |
| 5+ Bedrooms | $417.5K | $315K | -24.6% |
Summary: Lucerne Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Lucerne Valley | $277.7K | $302K | +8.7% |
| Victorville-Hesperia | $414.3K | $420K | +1.4% |
| Big Bear | $458K | $452.3K | -1.3% |
| Fawnskin | $585.7K | $569K | -2.9% |
| Landers | $302.5K | $275K | -9.1% |
Housing Supply in Lucerne Valley, CA
How many homes are available in Lucerne Valley, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 39 | -15.2% |
Summary: The Lucerne Valley real estate market had 39 homes for sale in March 2024, a 15.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lucerne Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 1 | -88.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lucerne Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lucerne Valley in March 2024, down by 88.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 152 Days | 183 Days | +19.9% |
Summary: Homes in Lucerne Valley had an average of 183 days on market in Mar 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lucerne Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Lucerne Valley; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.