Palms Housing Market Report January 2025•Los Angeles County, California

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Housing Prices in Palms, CA

How much do homes in Palms, CA cost?

Housing Market Conditions

Is Palms, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palms is a Seller's Market

Difference Since December 2024

Last month, Palms was a Neutral Market.

Insight

Palms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$910,000$796/SqFt
-$565,000
-38.3%

Based on all homes sold in January 2025

Insight

Homes in Palms have sold for 38.3% less than they did a month ago.

Summary: The median home sold price in Palms was $910,000 in January 2025, down 38.3% from last month, and the median price per square foot was $796.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1-$540K
N/A
2$1.1M$698.2K
-39.2%
3$1.1M$1.1M
-4.3%
4-$1.4M
N/A
5$3.5M-
N/A

Summary: Palms housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -39.2%. The home price for 3 bedroom homes decreased by -4.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Palms, CA

How many homes are available in Palms, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
43Last MonthJan 2025
372 months agoDec 2024
+16.2 %
Change MoMDec – Jan

Summary: The Palms real estate market had 43 homes for sale in Jan 2025, a 16.2 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthJan 2025
62 months agoDec 2024
+66.7 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
145
+25.0%
21011
+10.0%
379
+28.6%
477
0.0%
5911
+22.2%

Summary: Palms housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +10.0%. The inventory for 3 bedroom homes increased by +28.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +22.2%.

Asking Price vs. Sold Price

How much do homes in Palms, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price8 Homes

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Palms, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Palms in January 2025, up by 66.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and and 80% were sold over asking.

Days on Market for Palms, CA

How long does it take to sell a home in Palms, CA?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Many homes in Palms are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 10 homes were sold in Palms; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
41 DaysLast MonthJan 2025
44 Days1 month agoDec 2024
-7.4 %
Change MoMDec – Jan

Summary: Homes in Palms had an average listing age of 41 days in Jan 2025, down by 7.4% compared to the previous month.

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Newest Listings in Palms, CA

What homes are available in Palms, CA?

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MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 12/01/2024 - 02/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.