$50,000
0.35 Acres
Land
Jerry Tocchini, Listing Office: Tocchini 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 October 2023
Since last year, Lake Hughes has remained a Seller's Market.
Key Takeaway
Lake Hughes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Hughes, CA
How much do homes in Lake Hughes, CA cost?
Median Sold Price
$412,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,500(-1.3%)
Key Takeaway
Homes in Lake Hughes have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Lake Hughes was $412,500 in October 2024, down 1.3% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $270K | 0.0% |
| 2 Bedrooms | $315K | $370.5K | +17.6% |
| 3 Bedrooms | $425K | $432.5K | +1.8% |
| 4 Bedrooms | $450K | $489.5K | +8.8% |
| 5+ Bedrooms | $905K | $500K | -44.8% |
Summary: Lake Hughes 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 increased by 17.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 44.8%.
Median Sold Price Compared To Nearby Cities
| North Antelope Valley | $437.6K | $469K | +7.2% |
| Lancaster | $444.9K | $475K | +6.7% |
| Castaic | $780K | $820K | +5.1% |
| Newhall | $759.9K | $794K | +4.5% |
| Lake Hughes | $418K | $412.5K | -1.3% |
Housing Supply in Lake Hughes, CA
How many homes are available in Lake Hughes, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Lake Hughes real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Hughes 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 decreased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hughes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lake Hughes in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 101 Days | 21 Days | -79.3% |
Summary: Homes in Lake Hughes had an average of 21 days on market in Oct 2024, down by 79.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 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 October 2024, 6 homes were sold in Lake Hughes; 67% of homes were sold within 30 days, 33% 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.