Is Desert Hot Springs, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Desert Hot Springs has remained a Seller's Market.
Housing Prices in Desert Hot Springs, CA
How much do homes in Desert Hot Springs, CA cost?
Median Sold Price
$391,250
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Desert Hot Springs was $391,250 in May 2024, up 3% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $119.5K | +0.8% |
2 Bedrooms | $300K | $325.5K | +8.5% |
3 Bedrooms | $380K | $398K | +4.7% |
4 Bedrooms | $430K | $445K | +3.5% |
5+ Bedrooms | $477.5K | $550K | +15.2% |
Summary: Desert Hot Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in Desert Hot Springs, CA
How many homes are available in Desert Hot Springs, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
247 | 256 | +3.6% |
Summary: The Desert Hot Springs real estate market had 256 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 33 | 39 | +18.2% |
3 Bedrooms | 139 | 138 | -0.7% |
4 Bedrooms | 54 | 56 | +3.7% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Desert Hot Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 55 | +31.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Desert Hot Springs in May 2024, up by 31.0% month-over-month. Of the 55 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Desert Hot Springs, CA
How long does it take to sell a home in Desert Hot Springs, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 49 Days | -25.0% |
Summary: Homes in Desert Hot Springs had an average of 49 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 55 homes were sold in Desert Hot Springs; 42% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.