$9,000
0.07 Acres
Land
Jennypher Moore, Listing Office: Team Forss Realty Group
Is Lake View Sphere, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lake View Sphere was a Seller's Market.
Key Takeaway
Lake View Sphere 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 View Sphere, CA
How much do homes in Lake View Sphere, CA cost?
Median Sold Price
$600,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,000(+23.7%)
Key Takeaway
Homes in Lake View Sphere have sold for 23.7% more than they did a year ago.
Summary: The median home sold price in Lake View Sphere was $600,000 in October 2024, up 23.7% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $372K | N/A |
| 2 Bedrooms | $330K | $449K | +36.1% |
| 3 Bedrooms | $465K | $543.5K | +16.9% |
| 4 Bedrooms | $623K | $760K | +22.0% |
| 5+ Bedrooms | $715K | $825K | +15.4% |
Summary: Lake View Sphere 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 36.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake View Sphere | $485K | $600K | +23.7% |
| Lakeland Village | $450K | $519.5K | +15.4% |
| Lake View District | $550K | $565K | +2.7% |
Housing Supply in Lake View Sphere, CA
How many homes are available in Lake View Sphere, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Lake View Sphere real estate market had 12 homes for sale in October 2024, a 9.1% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake View Sphere 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake View Sphere, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lake View Sphere in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lake View Sphere, CA
How long does it take to sell a home in Lake View Sphere, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -40.3% |
Summary: Homes in Lake View Sphere had an average of 20 days on market in Oct 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake View Sphere are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Lake View Sphere; 50% of homes were sold within 30 days, 50% 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.