92240 Home Values & Market Trends

There are 133 homes currently listed for 92240. 92240 real estate market trends show that home prices range from $21,500 to $987,000, and the median sales price in the 92240 zip code is $378,706.92. The total number of properties sold within the past twelve months is 634. In 92240, 56 properties are in foreclosure, 4 are bank owned properties,and 7 are headed for auction.

Housing Market Summary for 92240

Mar 2023February 2024Change
Median Listing Price$379.9K$380.5K0.14%
Median Sold Price$364.9K$380.5K4.28%
Homes For Sale11813716.10%
Homes Sold439403-8.20%
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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 92240

The median list price of a home in Desert Hot Springs, is $378,706.92. A total of 133 properties are for sale, and the percentage of properties for sale in the zip code is 133.00%. The total count of 92240 properties is 12,016.

Foreclosure
There is 1 cities within 92240; within this cities, the median estimated home value for homes in foreclosure ranges from $709,520 in desert hot springs to the lowest value of $261,900 in desert hot springs. Foreclosure homes account for 0.00% of properties in 92240 with desert hot springs containing 65 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.37% of all residential properties in 92240 with desert hot springs containing 53 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 92240; of that cities, the estimated home value for pre-foreclosure homes ranges from $709,520 in desert hot springs to the lowest home value of $271,500 in desert hot springs.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 92240 ranges from the highest value of $360,000 in desert hot springs to the lowest value of $261,900 in desert hot springs. Bank owned homes and properties account for 0.03% of properties in 92240. There is 1 cities within 92240; desert hot springs containing 5 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    desert hot springs has 7 auction properties, the highest number of properties going to auction in a single city in the state of 92240. Auction homes and other auction properties account for 0.06% of all properties in 92240. There is 1 cities within 92240; of that cities, the median estimated home value for homes going to auction ranges from $551,750 in desert hot springs to the lowest value of $308,750 in desert hot springs.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.11% of residential properties in 92240 with desert hot springs containing 169 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 92240; homes for sale in that cities, have a range of median values from $1,698,000 in desert hot springs to the lowest value of $125,000 in desert hot springs.
    Sold Homes
    The median value for recently sold homes ranges from $1,221,000 in desert hot springs to the lowest price of $62,600 in desert hot springs. There is 1 cities within 92240. desert hot springs has 476 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.25% of properties in 92240.

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      Guide for 92240

      RealtyTrac Market Report
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      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
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      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
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      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
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      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.