Is Upper Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Upper Lake was a Buyer's Market.
Key Takeaway
Upper Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Upper Lake, CA cost?
Median Sold Price
$319,500
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in Upper Lake have sold for 24.5% less than they did a year ago.
Summary: The median home sold price in Upper Lake was $319,500 in October 2023, down 24.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $339K | $205K | -39.5% |
| 3 Bedrooms | $423K | $325K | -23.2% |
| 4 Bedrooms | $550K | $680K | +23.6% |
| 5+ Bedrooms | $225K | $524.2K | +133.0% |
Summary: Upper Lake housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.5%, 3 bedroom homes decreased by 23.2%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 133%.
Median Sold Price Compared To Nearby Cities
| Lucerne | $265K | $256.7K | -3.1% |
| Upper Lake-Nice | $316K | $305K | -3.5% |
| Upper Lake | $423K | $319.5K | -24.5% |
Housing Supply
How many homes are available in Upper Lake, CA?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Summary: The Upper Lake real estate market had 12 homes for sale in October 2023, a 33.3% decrease compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Upper Lake housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Upper Lake in October 2023, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Upper Lake, CA?
Average Sale Time
| Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|
| 10 Days | 23 Days | +130.0% |
Summary: Homes in Upper Lake had an average of 23 days on market in Oct 2023, up by 130% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2023, 2 homes were sold in Upper Lake; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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. 
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