Justin Tye

Thousand Palms, CA

Single-Family Homes

Active Realty I REAL


Thousand Palms, CA

Fri Jul 26 2024
This week the median list price for Thousand Palms, CA is $457,425 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has decreased to 12. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Thousand Palms, CA

Fri Jul 26 2024
This week the median list price for Thousand Palms, CA is $457,425 with the market action index hovering around 34. This is less than last month's market action index of 38. Inventory has decreased to 12. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Thousand Palms market.
Median List Price $457,425
Median Price of New Listings $0
Per Square Foot $320
Average Days on Market 117
Median Days on Market 56
Price Decreased 17%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 34
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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
$1,450,000 2,600 1 - 2.5 acres 3 3 9 0 0 56
$495,000 1,507 4,500 - 6,500 sqft 3 2 34 0 0 273
$380,000 1,344 6,500 - 8,000 sqft 2 2 43 0 0 35
$275,000 1,296 4,500 - 6,500 sqft 2 2 37 0 1 56