Is Lake Hughes, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Hughes is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lake Hughes was a Seller's Market.

Key Takeaway

Lake Hughes 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 Lake Hughes, CA

How much do homes in Lake Hughes, CA cost?

Median Sold Price

$432,500

$278/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$15,000(+3.6%)

Key Takeaway

Homes in Lake Hughes have sold for 3.6% more than they did a month ago.

Summary: The median home sold price in Lake Hughes was $432,500 in November 2024, up 3.6% from last month, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $377.5K-
N/A
3 $410K$432.5K
+5.5%
4 --
N/A
5+ $500K-
N/A

Summary: Lake Hughes housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lake Hughes, CA

How many homes are available in Lake Hughes, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2924-17.2%

Summary: The Lake Hughes real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1614
-12.5%
4 43
-25.0%
5+ 33
0.0%

Summary: The Lake Hughes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Hughes, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Lake Hughes in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Oct 2024Nov 2024CHANGE
21 Days17 Days-16.7%

Summary: Homes in Lake Hughes had an average of 17 days on market in Nov 2024, down by 16.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 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.

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

Report Updated 23 Days Ago

Newest Listings in Lake Hughes, CA

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