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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yermo is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Yermo, CA

How much do homes in Yermo, CA cost?

Median Sold Price

$210,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,500(+16.3%)

Key Takeaway

Homes in Yermo have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Yermo was $210,000 in February 2024, up 16.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $181K-
N/A
2 $135K$160K
+18.5%
3 $189.9K$225K
+18.5%
4 $225K$250K
+11.1%
5+ --
N/A

Summary: Yermo housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Yermo
+16.3%
Newberry Springs
-30.0%

Housing Supply in Yermo, CA

How many homes are available in Yermo, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
220.0%

Summary: The Yermo real estate market had 2 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Yermo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yermo, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Yermo in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Yermo, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
63 Days82 Days+29.5%

Summary: Homes in Yermo had an average of 82 days on market in Feb 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Yermo has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Yermo; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Yermo, CA

Nearby Markets to Yermo, CA

What housing markets are near Yermo, CA?