Is Twentynine Palms-Yucca Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twentynine Palms-Yucca Valley is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Twentynine Palms-Yucca Valley was a Seller's Market.

Key Takeaway

Twentynine Palms-Yucca Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Twentynine Palms-Yucca Valley, CA

How much do homes in Twentynine Palms-Yucca Valley, CA cost?

Median Sold Price

$334,901

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$15,070(-4.3%)

Key Takeaway

Homes in Twentynine Palms-Yucca Valley have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Twentynine Palms-Yucca Valley was $334,901 in April 2024, down 4.3% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $235K$237.5K
+1.1%
2 $316.7K$299K
-5.6%
3 $374K$353.5K
-5.5%
4 $420K$400K
-4.8%
5+ $756K$582.5K
-23.0%

Summary: Twentynine Palms-Yucca Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Cities

Yucca Valley
-4.0%
Twentynine Palms-Yucca Valley
-4.3%
Joshua Tree
-9.8%
Twentynine Palms
-10.4%

Housing Supply in Twentynine Palms-Yucca Valley, CA

How many homes are available in Twentynine Palms-Yucca Valley, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
688821+19.3%

Summary: The Twentynine Palms-Yucca Valley real estate market had 821 homes for sale in April 2024, a 19.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 7984
+6.3%
2 231279
+20.8%
3 265319
+20.4%
4 87111
+27.6%
5+ 2628
+7.7%

Summary: The Twentynine Palms-Yucca Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7285+18.1%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twentynine Palms-Yucca Valley, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in Twentynine Palms-Yucca Valley in April 2024, up by 18.1% month-over-month. Of the 85 sold homes, 59% were sold under asking, 19% were sold at asking, and 22% were sold over asking.

Days on Market for Twentynine Palms-Yucca Valley, CA

How long does it take to sell a home in Twentynine Palms-Yucca Valley, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
49 Days58 Days+17.5%

Summary: Homes in Twentynine Palms-Yucca Valley had an average of 58 days on market in Apr 2024, up by 17.5% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Twentynine Palms-Yucca Valley are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 85 homes were sold in Twentynine Palms-Yucca Valley; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

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