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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twentynine Palms-Yucca Valley is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Twentynine Palms-Yucca Valley was a Seller's Market.

Key Takeaway

Twentynine Palms-Yucca Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Twentynine Palms-Yucca Valley, CA

How much do homes in Twentynine Palms-Yucca Valley, CA cost?

Median Sold Price

$335,120

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,245(-5.7%)

Key Takeaway

Homes in Twentynine Palms-Yucca Valley have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Twentynine Palms-Yucca Valley was $335,120 in February 2024, down 5.7% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $259.5K$235K
-9.4%
2 $317.5K$292.6K
-7.8%
3 $377.4K$355K
-5.9%
4 $459.9K$403K
-12.4%
5+ $740K$600K
-18.9%

Summary: Twentynine Palms-Yucca Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 18.9%.

Median Sold Price Compared To Nearby Cities

Twentynine Palms-Yucca Valley
-5.7%
Yucca Valley
-5.8%
Twentynine Palms
-8.5%
Joshua Tree
-17.7%

Housing Supply in Twentynine Palms-Yucca Valley, CA

How many homes are available in Twentynine Palms-Yucca Valley, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
604687+13.7%

Summary: The Twentynine Palms-Yucca Valley real estate market had 687 homes for sale in February 2024, a 13.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 7679
+3.9%
2 188227
+20.7%
3 256275
+7.4%
4 6986
+24.6%
5+ 1520
+33.3%

Summary: The Twentynine Palms-Yucca Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5766+15.8%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twentynine Palms-Yucca Valley, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Twentynine Palms-Yucca Valley in February 2024, up by 15.8% month-over-month. Of the 66 sold homes, 64% were sold under asking, 11% were sold at asking, and 26% were sold over asking.

Days on Market for Twentynine Palms-Yucca Valley, CA

How long does it take to sell a home in Twentynine Palms-Yucca Valley, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
60 Days63 Days+4.6%

Summary: Homes in Twentynine Palms-Yucca Valley had an average of 63 days on market in Feb 2024, up by 4.6% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 66 homes were sold in Twentynine Palms-Yucca Valley; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% 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 1 Day Ago

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