Is Desert Hot Springs, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Desert Hot Springs was a Seller's Market.
Key Takeaway
Desert Hot Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Desert Hot Springs, CA
How much do homes in Desert Hot Springs, CA cost?
Median Sold Price
$390,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Desert Hot Springs have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Desert Hot Springs was $390,000 in April 2024, up 1.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $120K | -11.1% |
| 2 Bedrooms | $290.5K | $326K | +12.2% |
| 3 Bedrooms | $390K | $393.5K | +0.9% |
| 4 Bedrooms | $430K | $455K | +5.8% |
| 5+ Bedrooms | $484.8K | $571K | +17.8% |
Summary: Desert Hot Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in Desert Hot Springs, CA
How many homes are available in Desert Hot Springs, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 243 | 255 | +4.9% |
Summary: The Desert Hot Springs real estate market had 255 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 36 | 39 | +8.3% |
| 3 Bedrooms | 139 | 136 | -2.2% |
| 4 Bedrooms | 51 | 57 | +11.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Desert Hot Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Desert Hot Springs, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Desert Hot Springs in April 2024, down by 8.9% month-over-month. Of the 41 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.
Days on Market for Desert Hot Springs, CA
How long does it take to sell a home in Desert Hot Springs, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 65 Days | +24.9% |
Summary: Homes in Desert Hot Springs had an average of 65 days on market in Apr 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Desert Hot Springs has remained consistent over time.
Summary: During April 2024, 41 homes were sold in Desert Hot Springs; 32% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 29% 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.