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

Sat Jul 20 2024
This week the median list price for Thousand Palms, CA is $435,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 13. 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

Sat Jul 20 2024
This week the median list price for Thousand Palms, CA is $435,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 13. 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 $435,000
Median Price of New Listings $695,000
Per Square Foot $318
Average Days on Market 104
Median Days on Market 49
Price Decreased 31%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent
Market Action 39
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 1 1 49
$495,000 1,507 4,500 - 6,500 sqft 3 2 34 0 0 266
$380,000 1,344 6,500 - 8,000 sqft 2 2 43 0 0 28
$261,500 1,176 4,500 - 6,500 sqft 2 2 39 0 0 45