$15,000
0.11 Acres
Land
Michelle Suh, Listing Office: KORUS Real Estate
Is Lake Hughes, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lake Hughes was a Seller's Market.
Key Takeaway
Lake Hughes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Hughes, CA
How much do homes in Lake Hughes, CA cost?
Median Sold Price
$410,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$11,500(-2.7%)
Key Takeaway
Homes in Lake Hughes have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Lake Hughes was $410,000 in September 2024, down 2.7% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $275K | +10.0% |
| 2 Bedrooms | $315K | $370.5K | +17.6% |
| 3 Bedrooms | $425K | $432.5K | +1.8% |
| 4 Bedrooms | $455K | $489.5K | +7.6% |
| 5+ Bedrooms | $905K | - | N/A |
Summary: Lake Hughes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Antelope Valley | $435K | $469.8K | +8.0% |
| Lancaster | $440K | $475K | +8.0% |
| Castaic | $784K | $829.9K | +5.9% |
| Newhall | $754.3K | $796.5K | +5.6% |
| Lake Hughes | $421.5K | $410K | -2.7% |
Housing Supply in Lake Hughes, CA
How many homes are available in Lake Hughes, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Lake Hughes real estate market had 27 homes for sale in September 2024, a 3.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lake Hughes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hughes, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Hughes in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Lake Hughes, CA
How long does it take to sell a home in Lake Hughes, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 40 Days | 16 Days | -60.5% |
Summary: Homes in Lake Hughes had an average of 16 days on market in Sep 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Hughes are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Lake Hughes; 100% 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.