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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearlake Riviera is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clearlake Riviera was a Seller's Market.

Key Takeaway

Clearlake Riviera 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 in Clearlake Riviera, CA

How much do homes in Clearlake Riviera, CA cost?

Median Sold Price

$369,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,000(-1.6%)

Key Takeaway

Homes in Clearlake Riviera have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Clearlake Riviera was $369,000 in October 2024, down 1.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$292.5K
N/A
2 $350.2K$325K
-7.2%
3 $372.5K$372.5K
0.0%
4 $485K$433K
-10.7%
5+ $600K$685K
+14.2%

Summary: Clearlake Riviera housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Cities

Kelseyville
-1.3%
Clearlake Riviera
-1.6%
Clearlake Oaks
-10.3%
Cobb
-20.3%

Housing Supply in Clearlake Riviera, CA

How many homes are available in Clearlake Riviera, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116128+10.3%

Summary: The Clearlake Riviera real estate market had 128 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2831
+10.7%
3 6568
+4.6%
4 1416
+14.3%
5+ 711
+57.1%

Summary: The Clearlake Riviera housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1220+66.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearlake Riviera, you may be able to get a good deal. 85% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Clearlake Riviera in October 2024, up by 66.7% month-over-month. Of the 20 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% 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

Oct 2023Oct 2024CHANGE
53 Days94 Days+76.3%

Summary: Homes in Clearlake Riviera had an average of 94 days on market in Oct 2024, up by 76.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clearlake Riviera are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 20 homes were sold in Clearlake Riviera; 20% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% 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 16 Days Ago

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