$10,000 Closing Credit*
$1,725,000
2,555 SqFt
2 Beds
•2 Full Baths, 1 Partial
Dwayne Carrier, Listing Office: Berkshire Hathaway HomeServices California Properties
Is Escena Palm Springs, 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, Escena Palm Springs has remained a Seller's Market.
Key Takeaway
Escena Palm Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Escena Palm Springs, CA
How much do homes in Escena Palm Springs, CA cost?
Median Sold Price
$1,225,051
$515/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$94,553(-7.2%)
Key Takeaway
Homes in Escena Palm Springs have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Escena Palm Springs was $1,225,051 in October 2024, down 7.2% from last year, and the median price per square foot was $515.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $1.2M | +14.5% |
| 3 Bedrooms | $1.3M | $1.2M | -10.1% |
| 4 Bedrooms | $1.3M | $1.2M | -5.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Escena Palm Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes did not change.
Housing Supply in Escena Palm Springs, CA
How many homes are available in Escena Palm Springs, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Summary: The Escena Palm Springs real estate market had 28 homes for sale in October 2024, a 55.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Escena Palm Springs 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 40%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
5 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 Escena Palm Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Escena Palm Springs in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Escena Palm Springs, CA
How long does it take to sell a home in Escena Palm Springs, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 89 Days | +146.1% |
Summary: Homes in Escena Palm Springs had an average of 89 days on market in Oct 2024, up by 146.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Escena Palm Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Escena Palm Springs; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.