Is Joshua Tree, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$391,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Joshua Tree have sold for 16.8% less than they did a year ago.
Summary: The median home sold price in Joshua Tree was $391,000 in March 2024, down 16.8% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340.5K | $258.2K | -24.2% |
| 2 Bedrooms | $455K | $368.5K | -19.0% |
| 3 Bedrooms | $490K | $455K | -7.1% |
| 4 Bedrooms | $575K | $595K | +3.5% |
| 5+ Bedrooms | $1.2M | - | N/A |
Summary: Joshua Tree housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Yucca Valley | $389.7K | $373.7K | -4.1% |
| Twentynine Palms-Yucca Valley | $353K | $335.2K | -5.0% |
| Landers | $302.5K | $275K | -9.1% |
| Twentynine Palms | $299.7K | $270K | -9.9% |
| Joshua Tree | $470K | $391K | -16.8% |
Housing Supply in Joshua Tree, CA
How many homes are available in Joshua Tree, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 188 | +21.3% |
Summary: The Joshua Tree real estate market had 188 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 58 | 74 | +27.6% |
| 3 Bedrooms | 61 | 72 | +18.0% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Joshua Tree housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 66 Days | +8.5% |
Summary: Homes in Joshua Tree had an average of 66 days on market in Mar 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Joshua Tree has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Joshua Tree; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% 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.