Justin Tye

Palmdale, CA

Single-Family Homes

Active Realty I REAL



Palmdale, CA

Fri May 24 2024
This week the median list price for Palmdale, CA is $589,949 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 226. Click here to stay informed with the Palmdale market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palmdale, CA

Fri May 24 2024
This week the median list price for Palmdale, CA is $589,949 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 226. Click here to stay informed with the Palmdale market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palmdale market.
Median List Price $589,949
Median Price of New Listings $519,900
Per Square Foot $282
Average Days on Market 70
Median Days on Market 35
Price Decreased 30%
Price Increased 4%
Relisted 5%
Inventory 226
Median Rent
Market Action 52
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$822,990 3,044 0.5 - 1 acre 4 3 35 5 5 38
$649,999 2,557 8,000 - 10,000 sqft 4 3 22 7 9 49
$540,000 1,924 6,500 - 8,000 sqft 4 3 34 13 9 21
$444,000 1,299 6,500 - 8,000 sqft 3 2 40 20 13 28