Is Twentynine Palms, 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, Twentynine Palms was a Seller's Market.
Key Takeaway
Twentynine Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Twentynine Palms, CA
How much do homes in Twentynine Palms, CA cost?
Median Sold Price
$270,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Twentynine Palms have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Twentynine Palms was $270,000 in May 2024, down 8.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $162K | -26.4% |
| 2 Bedrooms | $247.5K | $235K | -5.1% |
| 3 Bedrooms | $299K | $290.7K | -2.8% |
| 4 Bedrooms | $336K | $352.5K | +4.9% |
| 5+ Bedrooms | $525K | $457.5K | -12.9% |
Summary: Twentynine Palms housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Twentynine Palms-Yucca Valley | $343.5K | $335K | -2.5% |
| Twentynine Palms | $293.8K | $270K | -8.1% |
Housing Supply in Twentynine Palms, CA
How many homes are available in Twentynine Palms, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 216 | 234 | +8.3% |
Summary: The Twentynine Palms real estate market had 234 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 35 | -5.4% |
| 2 Bedrooms | 67 | 76 | +13.4% |
| 3 Bedrooms | 77 | 85 | +10.4% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Twentynine Palms housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twentynine Palms, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Twentynine Palms in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 45% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Twentynine Palms, CA
How long does it take to sell a home in Twentynine Palms, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 63 Days | 76 Days | +21.5% |
Summary: Homes in Twentynine Palms had an average of 76 days on market in May 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Twentynine Palms are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Twentynine Palms; 55% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% 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.