Is Lucerne Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lucerne Valley was a Seller's Market.
Housing Prices in Lucerne Valley, CA
How much do homes in Lucerne Valley, CA cost?
Median Sold Price
$298,850
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lucerne Valley was $298,850 in April 2024, up 6.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $75K | -51.6% |
2 Bedrooms | $225K | $225K | 0.0% |
3 Bedrooms | $300.5K | $325K | +8.2% |
4 Bedrooms | $355K | $381.2K | +7.4% |
5+ Bedrooms | $410K | $315K | -23.2% |
Summary: Lucerne Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Cities
Lucerne Valley | $280K | $298.8K | +6.7% |
Victorville-Hesperia | $410K | $422.8K | +3.1% |
Big Bear | $450K | $451.7K | 0.4% |
Fawnskin | $585K | $575K | -1.7% |
Landers | $305K | $275K | -9.8% |
Housing Supply in Lucerne Valley, CA
How many homes are available in Lucerne Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 50 | +19.0% |
Summary: The Lucerne Valley real estate market had 50 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lucerne Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lucerne Valley in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Lucerne Valley, CA
How long does it take to sell a home in Lucerne Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
115 Days | 24 Days | -78.6% |
Summary: Homes in Lucerne Valley had an average of 24 days on market in Apr 2024, down by 78.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Lucerne Valley; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.