Is Twentynine Palms, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twentynine Palms is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Twentynine Palms, CA cost?

Median Sold Price

$279,975

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$80,975(+40.7%)

Key Takeaway

Homes in Twentynine Palms have sold for 40.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $149.7K$220K
+46.9%
2 $150K$216.9K
+44.6%
3 $207K$282.5K
+36.5%
4 $238K$330K
+38.7%
5+ $283.3K$392.5K
+38.5%

Median Sold Price Compared To Nearby Cities

Joshua Tree
+46.4%
Twentynine Palms
+40.7%
Twentynine Palms-Yucca Valley
+34.3%

How many homes are available in Twentynine Palms, CA?

Number of Homes For Sale

Apr 2022May 2022%
141137-2.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 44
0.0%
2 3436
+5.9%
3 7164
-9.9%
4 3033
+10.0%
5+ 20
-100.0%

Number of Homes Sold

Apr 2022May 2022%
5030-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twentynine Palms, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
13 Days20 Days+54.6%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Twentynine Palms, CA

Twentynine Palms, CA has 137 homes on the market. In May 2022 in Twentynine Palms, CA there were 2.8% less homes for sale than in April 2022. While the average time on the market in May 2022 was 20 days, the median list price was $279,975. Real estate listing prices changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 46.9%, prices of 2 bedrooms properties increased by 44.6%, prices of 3 bedrooms properties increased by 36.5%, prices of 4 bedrooms properties went up by 38.7%, prices of 5 bedrooms properties went up by 38.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 5.9%, 3 bedrooms homes became 9.9% less available, number of 4 bedrooms homes increased by 10%, the quantity of 5 bedrooms homes went down by 100%. While more than 16 listings in Twentynine Palms, CA in May 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 4 were sold below.

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