Palmdale Real Estate Market Sees Sales Fall

While home sales in the Palmdale market have been above average, in this week's report they fell 9.4% to 115 homes sold over the last 30 days. In comparison, nearby Los Angeles had 2,302 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $280,000, up from last week's $275,000. Despite the slip in sales, a relatively low three months of inventory indicates that Palmdale is a seller's market.

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Demographic facts for Palmdale:

  • The median house value here is $142,000.
  • The area gets 26 rainy days a year. (U.S. average: 100)
  • The unemployment rate for this area is 11.5%.
  • The student-to-teacher ratio is 22.8:1. (15.3:1 = national average)

Data reported through 10/12/2016

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