Kevin Stern / Town Real Estate

Thousand Palms, CA

Single-Family Homes

www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548



Thousand Palms, CA

Mon Oct 03 2022
This week the median list price for Thousand Palms, CA is $384,900 with the market action index hovering around 41. This is less than last month's market action index of 53. Inventory has increased 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Thousand Palms, CA

Mon Oct 03 2022
This week the median list price for Thousand Palms, CA is $384,900 with the market action index hovering around 41. This is less than last month's market action index of 53. Inventory has increased 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Thousand Palms market.
Median List Price $384,900
Median Price of New Listings $427,000
Per Square Foot $294
Average Days on Market 40
Median Days on Market 39
Price Decreased 33%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 41
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$589,000 1,850 6,500 - 8,000 sqft 4 3 2 0 0 42
$539,000 1,576 8,000 - 10,000 sqft 3 2 21 1 1 7
$321,000 1,377 6,500 - 8,000 sqft 3 2 34 0 1 35
$300,000 1,296 6,500 - 8,000 sqft 3 1.5 42 1 1 63