Is Clearlake Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Clearlake Oaks was a Neutral Market.
Housing Prices in Clearlake Oaks, CA
How much do homes in Clearlake Oaks, CA cost?
Median Sold Price
$280,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clearlake Oaks was $280,000 in May 2024, up 1.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $155K | -13.9% |
2 Bedrooms | $233.2K | $245K | +5.1% |
3 Bedrooms | $326K | $345K | +5.8% |
4 Bedrooms | $300K | $372K | +24.0% |
5+ Bedrooms | - | $185K | N/A |
Summary: Clearlake Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 24%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Clearlake Oaks | $275K | $280K | +1.8% |
Lucerne-Clearlake Oaks | $275K | $276K | 0.4% |
Clearlake | $235K | $225.9K | -3.9% |
Housing Supply in Clearlake Oaks, CA
How many homes are available in Clearlake Oaks, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Summary: The Clearlake Oaks real estate market had 53 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Clearlake Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Clearlake Oaks in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Clearlake Oaks, CA
How long does it take to sell a home in Clearlake Oaks, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 49 Days | -34.0% |
Summary: Homes in Clearlake Oaks had an average of 49 days on market in May 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Clearlake Oaks; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.