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

Housing Market Conditions



Gauge showing Palmdale is a seller's market


Difference Since August 2022

Since last year, Palmdale has remained a Seller's Market.

Key Takeaway

Palmdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Palmdale, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Palmdale have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Palmdale was $490,675 in August 2023, down 2.5% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $162K$206K
2 $360K$350K
3 $454.5K$440K
4 $530K$520K
5+ $625K$601K

Summary: Palmdale housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 27.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

South Antelope Valley

Housing Supply

How many homes are available in Palmdale, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Palmdale real estate market had 355 homes for sale in August 2023, a 0.6% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 21
2 2216
3 139128
4 145152
5+ 4558

Summary: The Palmdale housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 28.9%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmdale, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 80 homes were sold or pending in Palmdale in August 2023, down by 23.1% month-over-month. Of the 80 sold homes, 28% were sold under asking, 19% were sold at asking, and 54% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
29 Days29 Days0.2%

Summary: Homes in Palmdale had an average of 29 days on market in Aug 2023, up by 0.2% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palmdale are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 80 homes were sold in Palmdale; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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 25 Days Ago

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Nearby Markets

What housing markets are near Palmdale, CA?