$6,709 Closing Credit*
$565,000
1,820 SqFt
3 Beds
•2 Full Baths
Gloria Valdez, Listing Office: REALTY ONE GROUP WEST
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 October 2023
At the same time last year, Desert Hot Springs was a Seller's Market.
Key Takeaway
Desert Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Desert Hot Springs, CA
How much do homes in Desert Hot Springs, CA cost?
Median Sold Price
$393,216
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,550(+2.5%)
Key Takeaway
Homes in Desert Hot Springs have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Desert Hot Springs was $393,216 in October 2024, up 2.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $110K | -7.6% |
| 2 Bedrooms | $309K | $315K | +1.9% |
| 3 Bedrooms | $389K | $398.5K | +2.4% |
| 4 Bedrooms | $438.4K | $457.2K | +4.3% |
| 5+ Bedrooms | $500K | $522.5K | +4.5% |
Summary: Desert Hot Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Desert Hot Springs, CA
How many homes are available in Desert Hot Springs, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 230 | 253 | +10.0% |
Summary: The Desert Hot Springs real estate market had 253 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 142 | 149 | +4.9% |
| 4 Bedrooms | 44 | 54 | +22.7% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Desert Hot Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 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. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Desert Hot Springs in October 2024, down by 13.2% month-over-month. Of the 33 sold homes, 42% were sold under asking, 24% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 52 Days | -3.0% |
Summary: Homes in Desert Hot Springs had an average of 52 days on market in Oct 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Desert Hot Springs has remained consistent over time.
Summary: During October 2024, 33 homes were sold in Desert Hot Springs; 39% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 15% 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.