Is Mojave, 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, Mojave has remained a Seller's Market.
Housing Prices in Mojave, CA
How much do homes in Mojave, CA cost?
Median Sold Price
$243,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mojave was $243,000 in May 2024, up 5.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $218.5K | $187.4K | -14.2% |
3 Bedrooms | $225K | $254.5K | +13.1% |
4 Bedrooms | $337.5K | $230K | -31.9% |
5+ Bedrooms | $275K | $344.6K | +25.3% |
Summary: Mojave housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Mojave | $230K | $243K | +5.7% |
California City | $282K | $295K | +4.6% |
East Kern | $314.6K | $314.9K | 0.1% |
Rosamond | $399.9K | $400K | 0.0% |
Edwards | $205K | $177.5K | -13.4% |
Housing Supply in Mojave, CA
How many homes are available in Mojave, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Mojave real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mojave housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Mojave in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Mojave, CA
How long does it take to sell a home in Mojave, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 66 Days | +98.5% |
Summary: Homes in Mojave had an average of 66 days on market in May 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Mojave; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.