Palmdale Real Estate Market Report
Executive Summary
The Palmdale, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $510K, down 7.3% year-over-year.
There are currently 694 active listings. According to Palmdale Market Report (SDMLS computed), there were 69 sales and 152 new listings in Invalid Date. Inventory has increased 31.2% compared to last month.
Currently, listings spend an average of 68 days on market and the average price per square foot is $296.
Board Data vs Our Listings
| Metric | Palmdale Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $510K | $400K |
| Average Price | $510K | $457K |
| Active Listings | 694 | 694 |
| Detached Benchmark | $558K | $600K |
| Townhouse Benchmark | $417K | $408K |
Detached properties make up the largest share of the Palmdale market at 81% of active listings with an average price of $600K. Condo listings follow at 16% (avg $517K).
Sales Activity & Absorption
Volume
Market Signals
Palmdale Market Report (SDMLS computed) reported 69 sales this period, 165 new listings appeared in the past month, 71 sellers reduced their asking price.
Market Balance
Demand moderately exceeds supply — conditions favor sellers.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Palmdale market currently has 694 active listings with a median price of $400K.
According to Palmdale Market Report (SDMLS computed), the composite benchmark price is $510K (-7.3% year-over-year). There were 69 sales recorded
- Prices declining (-9.2% in 30 days)
- Low sell-through rate (0%)
- Slow-moving market (68 avg days on market)
- Average price per square foot is $296
- Sold properties averaged 38 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from Palmdale Market Report (SDMLS computed). Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of May 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.