Is Landers, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Landers is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Landers was a Seller's Market.

Key Takeaway

Landers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Landers, CA

How much do homes in Landers, CA cost?

Median Sold Price

$272,500

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$52,500(-16.2%)

Key Takeaway

Homes in Landers have sold for 16.2% less than they did a year ago.

Summary: The median home sold price in Landers was $272,500 in January 2024, down 16.2% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $262K$232.5K
-11.3%
2 $330K$310K
-6.1%
3 $410K$245.5K
-40.1%
4 $500K$422.5K
-15.5%
5+ -$402K
N/A

Summary: Landers housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 40.1%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lucerne Valley
-1.4%
Landers
-16.2%
Joshua Tree
-17.8%

Housing Supply in Landers, CA

How many homes are available in Landers, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3541+17.1%

Summary: The Landers real estate market had 41 homes for sale in January 2024, a 17.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 814
+75.0%
2 1918
-5.3%
3 67
+16.7%
4 22
0.0%
5+ 00
0.0%

Summary: The Landers housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Landers, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Landers in January 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Landers, CA

How long does it take to sell a home in Landers, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
78 Days119 Days+51.5%

Summary: Homes in Landers had an average of 119 days on market in Jan 2024, up by 51.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Landers are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 4 homes were sold in Landers; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Landers, CA

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