Is Needles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Needles has remained a Seller's Market.
Key Takeaway
Needles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Needles, CA
How much do homes in Needles, CA cost?
Median Sold Price
$140,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Needles have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Needles was $140,000 in November 2023, down 6.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $95K | +111.1% |
| 2 Bedrooms | $105K | $74.5K | -29.0% |
| 3 Bedrooms | $205K | $156.5K | -23.7% |
| 4 Bedrooms | $198K | $160K | -19.2% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Needles housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 111.1%, 2 bedroom homes decreased by 29%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes did not change.
Housing Supply in Needles, CA
How many homes are available in Needles, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Needles real estate market had 22 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Needles housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Needles, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Needles in November 2023, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Needles, CA
How long does it take to sell a home in Needles, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 65 Days | 58 Days | -10.5% |
Summary: Homes in Needles had an average of 58 days on market in Nov 2023, down by 10.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Needles are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 5 homes were sold in Needles; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.