$6,472 Closing Credit*
$545,000
1,973 SqFt
4 Beds
•3 Full Baths
Ricardo Nuno, Listing Office: Re/Max Desert Properties
Is Thousand Palms, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Thousand Palms was a Seller's Market.
Key Takeaway
Thousand Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thousand Palms, CA
How much do homes in Thousand Palms, CA cost?
Median Sold Price
$375,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$5,000(-1.3%)
Key Takeaway
Homes in Thousand Palms have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Thousand Palms was $375,000 in December 2024, down 1.3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $250K | $242.5K | -3.0% |
| 3 Bedrooms | $389K | $363K | -6.7% |
| 4 Bedrooms | $465K | $500K | +7.5% |
| 5+ Bedrooms | - | $572K | N/A |
Summary: Thousand Palms housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Desert Palms | $529.5K | $540K | +2.0% |
| Thousand Palms | $380K | $375K | -1.3% |
Housing Supply in Thousand Palms, CA
How many homes are available in Thousand Palms, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Thousand Palms real estate market had 22 homes for sale in December 2024, a 4.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Thousand Palms housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thousand Palms, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Thousand Palms in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Thousand Palms, CA
How long does it take to sell a home in Thousand Palms, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 139 Days | 51 Days | -63.5% |
Summary: Homes in Thousand Palms had an average of 51 days on market in Dec 2024, down by 63.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thousand Palms has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Thousand Palms; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.