Is Desert Palms, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Desert Palms has remained a Seller's Market.
Key Takeaway
Desert Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Desert Palms, CA
How much do homes in Desert Palms, CA cost?
Median Sold Price
$516,013
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Desert Palms have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Desert Palms was $516,013 in April 2024, down 10.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.5K | $349.9K | 0.1% |
| 2 Bedrooms | $490K | $482.9K | -1.4% |
| 3 Bedrooms | $664.5K | $625K | -5.9% |
| 4 Bedrooms | $917.5K | $834K | -9.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Desert Palms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.
Housing Supply in Desert Palms, CA
How many homes are available in Desert Palms, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 143 | 143 | 0.0% |
Summary: The Desert Palms real estate market had 143 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 91 | 89 | -2.2% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Desert Palms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 44 | +25.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Desert Palms, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Desert Palms in April 2024, up by 25.7% month-over-month. Of the 44 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Desert Palms, CA
How long does it take to sell a home in Desert Palms, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 64 Days | +19.9% |
Summary: Homes in Desert Palms had an average of 64 days on market in Apr 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Desert Palms has remained consistent over time.
Summary: During April 2024, 44 homes were sold in Desert Palms; 32% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 25% 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.