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 November 2022
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
$385,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Desert Hot Springs have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Desert Hot Springs was $385,000 in November 2023, down 1.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $119.5K | -17.9% |
| 2 Bedrooms | $290K | $310K | +6.9% |
| 3 Bedrooms | $394K | $389K | -1.3% |
| 4 Bedrooms | $430K | $445K | +3.5% |
| 5+ Bedrooms | $471.4K | $500K | +6.1% |
Summary: Desert Hot Springs housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Desert Hot Springs, CA
How many homes are available in Desert Hot Springs, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 211 | 242 | +14.7% |
Summary: The Desert Hot Springs real estate market had 242 homes for sale in November 2023, a 14.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 30 | 36 | +20.0% |
| 3 Bedrooms | 122 | 140 | +14.8% |
| 4 Bedrooms | 43 | 49 | +14.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Desert Hot Springs housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Desert Hot Springs, you could pay more than the asking price. 36.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Desert Hot Springs in November 2023, down by 11.8% month-over-month. Of the 30 sold homes, 30% were sold under asking, 33% were sold at asking, and 37% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 45 Days | +32.2% |
Summary: Homes in Desert Hot Springs had an average of 45 days on market in Nov 2023, up by 32.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Desert Hot Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 30 homes were sold in Desert Hot Springs; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.