Is Upper Lake-Nice, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Upper Lake-Nice has remained a Buyer's Market.
Key Takeaway
Upper Lake-Nice is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Lake-Nice, CA
How much do homes in Upper Lake-Nice, CA cost?
Median Sold Price
$310,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Lake-Nice have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Upper Lake-Nice was $310,000 in April 2024, up 7.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $149K | -0.7% |
| 2 Bedrooms | $244K | $214.3K | -12.2% |
| 3 Bedrooms | $300K | $325K | +8.3% |
| 4 Bedrooms | $504.7K | $439K | -13.0% |
| 5+ Bedrooms | $319.5K | $729K | +128.2% |
Summary: Upper Lake-Nice housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 128.2%.
Median Sold Price Compared To Nearby Cities
| Upper Lake-Nice | $289K | $310K | +7.3% |
| Nice | $252K | $251K | -0.4% |
Housing Supply in Upper Lake-Nice, CA
How many homes are available in Upper Lake-Nice, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Upper Lake-Nice real estate market had 30 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper Lake-Nice housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 Upper Lake-Nice, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Upper Lake-Nice in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Upper Lake-Nice, CA
How long does it take to sell a home in Upper Lake-Nice, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 69 Days | -9.2% |
Summary: Homes in Upper Lake-Nice had an average of 69 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Lake-Nice are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Upper Lake-Nice; 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.
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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