Is Clearlake, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearlake is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clearlake was a Neutral Market.

Key Takeaway

Clearlake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Clearlake, CA

How much do homes in Clearlake, CA cost?

Median Sold Price

$240,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+12.9%)

Key Takeaway

Homes in Clearlake have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Clearlake was $240,000 in October 2024, up 12.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $143K$125K
-12.6%
2 $179.9K$205K
+13.9%
3 $277.4K$275K
-0.9%
4 $337.5K$337.5K
0.0%
5+ $349.2K-
N/A

Summary: Clearlake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Clearlake
+12.9%
Clearlake Oaks
-10.3%

Housing Supply in Clearlake, CA

How many homes are available in Clearlake, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
100105+5.0%

Summary: The Clearlake real estate market had 105 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 3733
-10.8%
3 5155
+7.8%
4 34
+33.3%
5+ 58
+60.0%

Summary: The Clearlake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearlake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Clearlake in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Clearlake, CA

How long does it take to sell a home in Clearlake, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days94 Days+103.2%

Summary: Homes in Clearlake had an average of 94 days on market in Oct 2024, up by 103.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clearlake are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Clearlake; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Clearlake, CA

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