The market continues to readjust itself after the market surge of the past two years, with reduced prices affecting more than half of active listings, and SFR listings nearly doubling in some market portions while days-on-market statistics have seen substantial increases.
Joshua Tree has seen the most dramatic change, as of September 2022, with a median price growth of -17%, the most substantial change in San Bernardino County. With 117% more SFR listings year over year, and the median price dropping to $471,000, 51% of the listing 104 SFR listings in Joshua Tree have seen a price reduction during the listing period.
Yucca Valley has had a more gradual market activity decrease, with 56% more SFR listings year to date, of the 134 listings in September 2022, 46% of them experienced a price reduction. With a median days-on-market of 50 days, Yucca Valley has seen a 6% price growth during 2022, which is modest but still trends upward with a median price sitting at $449,900.
29 Palms remains an outlier, with 15% positive price growth this year as well as a 15% increase in SFR listings, the median price in 29 Palms has risen to $329,000, with 52% of listings having been reduced during their median 59.5 days on market time.
Below you will find the sharable statistic reports for potential buyers, sellers, a market snapshot for the month as well as a YTD comparison report for each city.
Buyer's Guides:
Seller's Guides:
September 2022 Market Snapshot:
YTD as of September 2022 Market Report:
San Bernardino County Market Report, September 2022: