$64,500
0.21 Acres
Land
Ron Ramos, Listing Office: Realty One Group Complete
Is Lucerne-Clearlake Oaks, 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, Lucerne-Clearlake Oaks was a Seller's Market.
Key Takeaway
Lucerne-Clearlake Oaks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lucerne-Clearlake Oaks, CA
How much do homes in Lucerne-Clearlake Oaks, CA cost?
Median Sold Price
$265,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-5.4%)
Key Takeaway
Homes in Lucerne-Clearlake Oaks have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Lucerne-Clearlake Oaks was $265,000 in October 2024, down 5.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $250K | +89.4% |
| 2 Bedrooms | $230K | $239K | +3.9% |
| 3 Bedrooms | $326K | $326.5K | 0.2% |
| 4 Bedrooms | $320K | $325K | +1.6% |
| 5+ Bedrooms | $185K | $420K | +127.0% |
Summary: Lucerne-Clearlake Oaks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.4%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 127%.
Median Sold Price Compared To Nearby Cities
| Lucerne | $256.7K | $262.5K | +2.2% |
| Lucerne-Clearlake Oaks | $280K | $265K | -5.4% |
| Clearlake Oaks | $290K | $260K | -10.3% |
Housing Supply in Lucerne-Clearlake Oaks, CA
How many homes are available in Lucerne-Clearlake Oaks, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 82 | +3.8% |
Summary: The Lucerne-Clearlake Oaks real estate market had 82 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lucerne-Clearlake Oaks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
8 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 Lucerne-Clearlake Oaks, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lucerne-Clearlake Oaks in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Lucerne-Clearlake Oaks, CA
How long does it take to sell a home in Lucerne-Clearlake Oaks, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 126 Days | +130.9% |
Summary: Homes in Lucerne-Clearlake Oaks had an average of 126 days on market in Oct 2024, up by 130.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lucerne-Clearlake Oaks are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in Lucerne-Clearlake Oaks; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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. 
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