Is Joshua Tree, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joshua Tree is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Joshua Tree was a Seller's 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

$375,000

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,500(-4.0%)

Key Takeaway

Homes in Joshua Tree have sold for 4% less than they did a year ago.

Summary: The median home sold price in Joshua Tree was $375,000 in November 2024, down 4% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $299.7K$195K
-34.9%
2 $369K$343K
-7.0%
3 $460K$415K
-9.8%
4 $510K$590K
+15.7%
5+ $772.1K$625K
-19.1%

Summary: Joshua Tree housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 19.1%.

Median Sold Price Compared To Nearby Cities

Yucca Valley
+1.4%
Twentynine Palms-Yucca Valley
-1.0%
Twentynine Palms
-2.1%
Joshua Tree
-4.0%
Landers
-8.8%

Housing Supply in Joshua Tree, CA

How many homes are available in Joshua Tree, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
197204+3.6%

Summary: The Joshua Tree real estate market had 204 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2224
+9.1%
2 6668
+3.0%
3 7176
+7.0%
4 2624
-7.7%
5+ 1212
0.0%

Summary: The Joshua Tree housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
207-65.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joshua Tree, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Joshua Tree in November 2024, down by 65.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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 2023Nov 2024CHANGE
41 Days72 Days+74.8%

Summary: Homes in Joshua Tree had an average of 72 days on market in Nov 2024, up by 74.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Joshua Tree has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Joshua Tree; 0% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 29% 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 8 Days Ago

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