Justin Tye

Thousand Palms, CA

Single-Family Homes

Active Realty I REAL



Thousand Palms, CA

Fri May 24 2024
This week the median list price for Thousand Palms, CA is $487,425 with the market action index hovering around 43. This is an increase over last month's market action index of 38. Inventory has increased to 8. Click here to stay informed with the Thousand Palms market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Thousand Palms, CA

Fri May 24 2024
This week the median list price for Thousand Palms, CA is $487,425 with the market action index hovering around 43. This is an increase over last month's market action index of 38. Inventory has increased to 8. Click here to stay informed with the Thousand Palms market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Thousand Palms market.
Median List Price $487,425
Median Price of New Listings $0
Per Square Foot $295
Average Days on Market 154
Median Days on Market 193
Price Decreased 38%
Price Increased 0%
Relisted 25%
Inventory 8
Median Rent
Market Action 43
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$945,000 2,271 1 - 2.5 acres 3 3 14 0 0 154
$502,500 1,662 6,500 - 8,000 sqft 3 2 51 0 0 143
$389,924 1,402 4,500 - 6,500 sqft 3 2 29 0 1 115
$235,000 1,191 4,500 - 6,500 sqft 2 1.5 49 0 1 203