Is Joshua Tree, 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, Joshua Tree was a Seller's Market.
Housing Prices in Joshua Tree, CA
How much do homes in Joshua Tree, CA cost?
Median Sold Price
$406,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Joshua Tree was $406,000 in May 2024, down 3.8% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324.5K | $240K | -26.0% |
2 Bedrooms | $400K | $360K | -10.0% |
3 Bedrooms | $478K | $460K | -3.8% |
4 Bedrooms | $517.5K | $650K | +25.6% |
5+ Bedrooms | $1.9M | - | N/A |
Summary: Joshua Tree housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Yucca Valley | $379.8K | $371K | -2.3% |
Twentynine Palms-Yucca Valley | $343.5K | $335K | -2.5% |
Joshua Tree | $422K | $406K | -3.8% |
Twentynine Palms | $293.8K | $270K | -8.1% |
Landers | $295K | $263.4K | -10.7% |
Housing Supply in Joshua Tree, CA
How many homes are available in Joshua Tree, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
185 | 226 | +22.2% |
Summary: The Joshua Tree real estate market had 226 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 16 | +45.5% |
2 Bedrooms | 69 | 79 | +14.5% |
3 Bedrooms | 71 | 93 | +31.0% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Joshua Tree housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Joshua Tree in May 2024, up by 23.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Joshua Tree, CA
How long does it take to sell a home in Joshua Tree, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 58 Days | +28.8% |
Summary: Homes in Joshua Tree had an average of 58 days on market in May 2024, up by 28.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Joshua Tree; 63% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.