$5,926 Closing Credit*
$499,000
1,527 SqFt
2 Beds
•2 Full Baths
Gina May Nestande, Listing Office: Gina Nestande
Is Desert Palms, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Desert Palms has remained a Seller's Market.
Key Takeaway
Desert Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Desert Palms, CA
How much do homes in Desert Palms, CA cost?
Median Sold Price
$535,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+2.1%)
Key Takeaway
Homes in Desert Palms have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Desert Palms was $535,000 in October 2024, up 2.1% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | $335K | -2.0% |
| 2 Bedrooms | $482K | $481.9K | 0% |
| 3 Bedrooms | $625K | $625K | 0.0% |
| 4 Bedrooms | $1.0M | $771.5K | -22.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Desert Palms housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.
Housing Supply in Desert Palms, CA
How many homes are available in Desert Palms, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 102 | +6.3% |
Summary: The Desert Palms real estate market had 102 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 55 | 60 | +9.1% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Desert Palms housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Desert Palms, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Desert Palms in October 2024, down by 9.1% month-over-month. Of the 20 sold homes, 65% were sold under asking, 30% were sold at asking, and 5% were sold over asking.
Days on Market for Desert Palms, CA
How long does it take to sell a home in Desert Palms, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 56 Days | +0.9% |
Summary: Homes in Desert Palms had an average of 56 days on market in Oct 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Desert Palms are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Desert Palms; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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.