Is Lake Hughes, 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, Lake Hughes was a Seller's Market.
Key Takeaway
Lake Hughes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Hughes, CA
How much do homes in Lake Hughes, CA cost?
Median Sold Price
$410,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Hughes have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Lake Hughes was $410,000 in May 2024, up 3.8% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $280K | +16.7% |
| 2 Bedrooms | $330.5K | $370K | +12.0% |
| 3 Bedrooms | $405K | $429K | +5.9% |
| 4 Bedrooms | $455K | - | N/A |
| 5+ Bedrooms | $510K | - | N/A |
Summary: Lake Hughes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Castaic | $764K | $811.2K | +6.2% |
| Newhall | $750K | $785.3K | +4.7% |
| North Antelope Valley | $434.9K | $455K | +4.6% |
| Lancaster | $440K | $460K | +4.5% |
| Lake Hughes | $395K | $410K | +3.8% |
Housing Supply in Lake Hughes, CA
How many homes are available in Lake Hughes, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The Lake Hughes real estate market had 25 homes for sale in May 2024, a 10.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake Hughes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was 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 Hughes, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Hughes in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 17 Days | -76.0% |
Summary: Homes in Lake Hughes had an average of 17 days on market in May 2024, down by 76% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 Hughes are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 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.