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 2021

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.

How much do homes in Joshua Tree, CA cost?

Median Sold Price

$485,000

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$76,666(+18.8%)

Key Takeaway

Homes in Joshua Tree have sold for 18.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $329.9K$420K
+27.3%
2 $352.5K$460K
+30.5%
3 $421K$502.5K
+19.4%
4 $542.5K$612.5K
+12.9%
5+ $559K$1.6M
+200.5%

Median Sold Price Compared To Nearby Cities

Twentynine Palms
+21.9%
Joshua Tree
+18.8%
Twentynine Palms-Yucca Valley
+15.9%
Landers
+15.0%
Yucca Valley
+14.3%

How many homes are available in Joshua Tree, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
153171+11.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1817
-5.6%
2 5460
+11.1%
3 6575
+15.4%
4 1417
+21.4%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1210-16.7%

Asking Price vs. Sold Price

9 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. 90% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days56 Days+145.7%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Joshua Tree 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 Joshua Tree, CA

Homes for sale in Joshua Tree, CA have reached 171. The number of listings in Joshua Tree, CA increased by 11.8% between October 2022 and November 2022. In November 2022, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $485,000. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 27.3%, 2 bedrooms properties became 30.5% more expensive, 3 bedrooms properties prices increased by 19.4%, 4 bedrooms properties prices increased by 12.9%, prices of 5 bedrooms properties increased by 200.5%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 5.6%, volume of 2 bedrooms homes went up by 11.1%, 3 bedrooms homes became 15.4% more available, number of 4 bedrooms homes increased by 21.4%, 5 bedrooms homes did not move. In November 2022 more than 1 listings in Joshua Tree, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 9 were sold below.

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