Desert Hot Springs, CA Home Values & Market Trends

Real estate market trends reflect that there have been 739 transactions over the past year in Desert Hot Springs. The median value for residential home transactions that occurred over the previous year is $379,177.18. The number of current listings in Desert Hot Springs is 169, and the percentage of properties for sale in the city is 169.00%. Desert Hot Springs, CA currently has 65 properties in foreclosure, 5 bank owned properties, 7 properties headed for auction, and 169 properties for sale.

Desert Hot Springs, CA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
92240

$ 429,000

$ 256/sqft

92241

$ 675,000

$ 291/sqft

Housing Market Summary for Desert Hot Springs, CA

Mar 2023February 2024Change
Median Listing Price$375K$381K1.60%
Median Sold Price$366.9K$381K3.84%
Homes For Sale15016812.00%
Homes Sold524487-7.06%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Desert Hot Springs, CA

Desert Hot Springs home values range from $52,322 to $1,800,000. The median estimated value of a home in Desert Hot Springs is $379,177.18. The median list price of a home is 419,900, and the total count of properties in the city is 14,876.

Foreclosure
There are 2 zips within Desert Hot Springs, CA; within these zips, the median estimated home value for homes in foreclosure ranges from $596,500 in 92241 to the lowest value of $261,900 in 92241. Foreclosure homes account for 0.00% of properties in Desert Hot Springs, CA with 92240 containing 56 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.36% of all residential properties in Desert Hot Springs, CA with 92240 containing 45 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Desert Hot Springs, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $596,500 in 92240 to the lowest home value of $271,500 in 92241.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Desert Hot Springs, CA ranges from the highest value of $360,000 in 92240 to the lowest value of $261,900 in 92241. Bank owned homes and properties account for 0.03% of properties in Desert Hot Springs, CA. There are 2 zips within Desert Hot Springs, CA; 92240 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    92240 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Desert Hot Springs, CA. Auction homes and other auction properties account for 0.05% of all properties in Desert Hot Springs, CA. There are 2 zips within Desert Hot Springs, CA; of those zips, the median estimated home value for homes going to auction ranges from $551,750 in 92240 to the lowest value of $308,750 in 92240.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.14% of residential properties in Desert Hot Springs, CA with 92240 containing 133 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Desert Hot Springs, CA; homes for sale in those zips, have a range of median values from $1,698,000 in 92241 to the lowest value of $125,000 in 92240.
    Sold Homes
    The median value for recently sold homes ranges from $1,180,560 in 92241 to the lowest price of $62,600 in 92241. There are 2 zips within Desert Hot Springs, CA. 92240 has 390 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.20% of properties in Desert Hot Springs, CA.

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      Guide for Desert Hot Springs, CA

      RealtyTrac Market Report
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      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Anaheim Property Trends: Slow but Steady Uptick in Home Values – Mar 2024
      California|posted 6 March 2024

      Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.