Is Clearlake Riviera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Clearlake Riviera was a Seller's Market.
Housing Prices in Clearlake Riviera, CA
How much do homes in Clearlake Riviera, CA cost?
Median Sold Price
$370,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clearlake Riviera was $370,000 in May 2024, down 1.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $354.2K | N/A |
2 Bedrooms | $354K | $340K | -4.0% |
3 Bedrooms | $375K | $375K | 0.0% |
4 Bedrooms | $410K | $465.5K | +13.5% |
5+ Bedrooms | $1.2M | $485K | -59.6% |
Summary: Clearlake Riviera housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 59.6%.
Median Sold Price Compared To Nearby Cities
Lower Lake | $424.7K | $447.5K | +5.4% |
Clearlake Oaks | $275K | $280K | +1.8% |
Cobb | $304.5K | $307.5K | +1.0% |
Clearlake Riviera | $375K | $370K | -1.3% |
Kelseyville | $390K | $375K | -3.8% |
Housing Supply in Clearlake Riviera, CA
How many homes are available in Clearlake Riviera, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 105 | +14.1% |
Summary: The Clearlake Riviera real estate market had 105 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Clearlake Riviera housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Clearlake Riviera in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Clearlake Riviera, CA
How long does it take to sell a home in Clearlake Riviera, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
134 Days | 87 Days | -35.2% |
Summary: Homes in Clearlake Riviera had an average of 87 days on market in May 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Clearlake Riviera; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.