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 seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Desert Hot Springs has remained a Seller's Market.

Key Takeaway

Desert Hot Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

Median Sold Price

$380,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$80,741(+27.0%)

Key Takeaway

Homes in Desert Hot Springs have sold for 27% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $86.5K$145K
+67.6%
2 $213.7K$290K
+35.7%
3 $305K$384.5K
+26.1%
4 $329.5K$409.4K
+24.3%
5+ $422.2K$434.4K
+2.9%

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

Number of Homes For Sale

Jul 2022Aug 2022%
156168+7.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 51
-80.0%
2 1920
+5.3%
3 8594
+10.6%
4 4348
+11.6%
5+ 45
+25.0%

Number of Homes Sold

Jul 2022Aug 2022%
4035-12.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Hot Springs, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
24 Days28 Days+16.1%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Desert Hot Springs, CA

Desert Hot Springs, CA has 168 homes for sale to choose from. In August 2022 in Desert Hot Springs, CA there were 7.7% more homes for sale than in July 2022. In August 2022 median list price was $380,000 and the average listing age was 28 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 67.6%, 2 bedrooms properties prices increased by 35.7%, prices of 3 bedrooms properties increased by 26.1%, the cost of 4 bedrooms properties went up by 24.3%, 5 bedrooms properties prices increased by 2.9%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 80%, the quantity of 2 bedrooms homes went up by 5.3%, the quantity of 3 bedrooms homes went up by 10.6%, 4 bedrooms homes became 11.6% more available, 5 bedrooms homes became 25% more available. Over 17 listings were sold over their listed price in August 2022 in Desert Hot Springs, CA. In the same period over 10 listings were sold below the listed price and 8 listings were sold for the listed price.