Is Twentynine Palms, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Twentynine Palms was a Seller's Market.
Key Takeaway
Twentynine Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Twentynine Palms, CA
How much do homes in Twentynine Palms, CA cost?
Median Sold Price
$275,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Twentynine Palms have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Twentynine Palms was $275,000 in November 2023, down 5.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $187.5K | +13.6% |
| 2 Bedrooms | $237K | $240.5K | +1.5% |
| 3 Bedrooms | $299K | $290K | -3.0% |
| 4 Bedrooms | $340K | $334.5K | -1.6% |
| 5+ Bedrooms | $487.5K | $370K | -24.1% |
Summary: Twentynine Palms housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Twentynine Palms | $291.3K | $275K | -5.6% |
| Twentynine Palms-Yucca Valley | $364.6K | $332.7K | -8.8% |
Housing Supply in Twentynine Palms, CA
How many homes are available in Twentynine Palms, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 149 | 171 | +14.8% |
Summary: The Twentynine Palms real estate market had 171 homes for sale in November 2023, a 14.8% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 33 | +26.9% |
| 2 Bedrooms | 47 | 55 | +17.0% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Twentynine Palms housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twentynine Palms, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Twentynine Palms in November 2023, up by 33.3% month-over-month. Of the 20 sold homes, 35% were sold under asking, 40% were sold at asking, and 25% were sold over asking.
Days on Market for Twentynine Palms, CA
How long does it take to sell a home in Twentynine Palms, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 58 Days | 52 Days | -10.5% |
Summary: Homes in Twentynine Palms had an average of 52 days on market in Nov 2023, down by 10.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Twentynine Palms are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 20 homes were sold in Twentynine Palms; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.