Is Joshua Tree, 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, Joshua Tree was a Neutral Market.
Key Takeaway
Joshua Tree is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Joshua Tree, CA
How much do homes in Joshua Tree, CA cost?
Median Sold Price
$390,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Joshua Tree have sold for 19.6% less than they did a year ago.
Summary: The median home sold price in Joshua Tree was $390,000 in November 2023, down 19.6% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $299.7K | -27.8% |
| 2 Bedrooms | $460K | $368.5K | -19.9% |
| 3 Bedrooms | $502.5K | $460K | -8.5% |
| 4 Bedrooms | $615K | $510K | -17.1% |
| 5+ Bedrooms | $1.6M | $772.1K | -54.0% |
Summary: Joshua Tree housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes decreased by 19.9%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 54%.
Median Sold Price Compared To Nearby Cities
| Twentynine Palms | $291.3K | $275K | -5.6% |
| Yucca Valley | $397.4K | $369.9K | -6.9% |
| Twentynine Palms-Yucca Valley | $364.6K | $332.7K | -8.8% |
| Landers | $347K | $290.5K | -16.3% |
| Joshua Tree | $485K | $390K | -19.6% |
Housing Supply in Joshua Tree, CA
How many homes are available in Joshua Tree, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 148 | 169 | +14.2% |
Summary: The Joshua Tree real estate market had 169 homes for sale in November 2023, a 14.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 59 | 62 | +5.1% |
| 3 Bedrooms | 51 | 61 | +19.6% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Joshua Tree housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Joshua Tree, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Joshua Tree in November 2023, up by 10.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for Joshua Tree, CA
How long does it take to sell a home in Joshua Tree, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 56 Days | 41 Days | -26.5% |
Summary: Homes in Joshua Tree had an average of 41 days on market in Nov 2023, down by 26.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Joshua Tree are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 11 homes were sold in Joshua Tree; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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.