Is Needles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Needles was a Seller's Market.
Key Takeaway
Needles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Needles, CA
How much do homes in Needles, CA cost?
Median Sold Price
$140,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Needles have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Needles was $140,000 in May 2024, up 3.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.7K | $20.1K | -57.0% |
| 2 Bedrooms | $57.5K | $89K | +54.8% |
| 3 Bedrooms | $155K | $162K | +4.5% |
| 4 Bedrooms | $135K | $165K | +22.2% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Needles housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57%, 2 bedroom homes increased by 54.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes did not change.
Housing Supply in Needles, CA
How many homes are available in Needles, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Needles real estate market had 31 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Needles housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Needles, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Needles in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Needles, CA
How long does it take to sell a home in Needles, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 58 Days | +38.9% |
Summary: Homes in Needles had an average of 58 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Needles has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Needles; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.