In March 2023, Palmdale’s real estate market remained strong with 395 homes sold and a median list price of $515,000. Despite the pandemic’s ongoing impact on the housing market, Palmdale’s market continued to thrive, with homes selling quickly and above asking price.

As a local Palmdale realtor, I have been closely monitoring the market and have noticed an increase in demand from buyers in the past few months. Homes are selling faster and for higher prices, which can be attributed to a 7% decrease in inventory since January and a 1% drop in average interest rates.

In March, the median sold price for homes in Palmdale was $500,000, with a price per square foot of $269. The average days on the market was 54, indicating a fast-moving market. With 111 homes sold, sellers are in a strong position and buyers should act quickly if they see a property they like.

While the market remains competitive for buyers, there are still opportunities for those looking to purchase a home in Palmdale. As a realtor with experience in the local market, I can help buyers navigate the process and find the right property for their needs and budget.

To learn more about the Palmdale real estate market or to schedule a consultation, contact a local Palmdale realtor today.