Is Desert Hot Springs, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Desert Hot Springs is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Desert Hot Springs was a Seller's Market.

Key Takeaway

Desert Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Desert Hot Springs, CA

How much do homes in Desert Hot Springs, CA cost?

Median Sold Price

$398,375

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,875(+3.6%)

Key Takeaway

Homes in Desert Hot Springs have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Desert Hot Springs was $398,375 in November 2024, up 3.6% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $119.5K$110K
-7.9%
2 $310K$315K
+1.6%
3 $386.5K$399.6K
+3.4%
4 $440K$449.7K
+2.2%
5+ $500K$550K
+10.0%

Summary: Desert Hot Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 10%.

Housing Supply in Desert Hot Springs, CA

How many homes are available in Desert Hot Springs, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
249273+9.6%

Summary: The Desert Hot Springs real estate market had 273 homes for sale in November 2024, a 9.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 58
+60.0%
2 3131
0.0%
3 147157
+6.8%
4 5455
+1.9%
5+ 1222
+83.3%

Summary: The Desert Hot Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3530-14.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Hot Springs, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Desert Hot Springs in November 2024, down by 14.3% month-over-month. Of the 30 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
47 Days47 Days+1.5%

Summary: Homes in Desert Hot Springs had an average of 47 days on market in Nov 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Desert Hot Springs are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in Desert Hot Springs; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

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