Palmdale Housing Market Report – May 2026
Here's a look at how the Palmdale, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 149
- Median Sale Price: $485,000
- Average Sale Price: $464,974
- Average Price Per Sq Ft: $277
- Average Days on Market: 101
- Sale-to-List Price Ratio: 98.6%
Month-Over-Month Trends
Compared to April, the median sale price in Palmdale moved 1.0% down (from $490,000 to $485,000). The number of homes sold was 5.7% down compared to the prior month (158 vs. 149). Average days on market shifted 6.5% down (108 days to 101 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.0% up (from $480,000 to $485,000). Sales volume is 7.5% down year-over-year.
What This Means
Palmdale's housing market is showing signs of modest stability in May, though the overall picture remains cautiously slow. The median sale price of $485,000 is essentially flat compared to April, with only a 1.0 percent monthly dip that's within normal fluctuation territory. More encouraging is the year-over-year comparison showing a slight 1.0 percent price gain, suggesting the market has found a floor after the broader softness of 2025. However, the real story is in the days on market shrinking from 108 to 101 days—a meaningful 6.5 percent improvement. This faster sales velocity could indicate that pricing has finally adjusted to where buyers are willing to transact, even if transaction volume remains modest.
The tension between absorption and inventory tells the real tale. With 1,310 active listings sitting at a median asking price of $300,000—well below what homes are actually selling for—there's clearly a disconnect between seller expectations and market reality. Properties are moving slightly faster, but sales volume is still down compared to last year, suggesting buyers remain cautious despite the improving sales pace. For Palmdale's market, this represents a buyer-friendly environment where patience pays off, while sellers may need to adjust price expectations closer to that 98.6 percent sale-to-list ratio we're seeing in closed deals.
Palmdale Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93551 | 59 | $578,000 | $267 | 92 |
| 93550 | 49 | $450,000 | $292 | 91 |
| 93552 | 25 | $479,000 | $264 | 93 |
| 93591 | 16 | $28,000 | $319 | 176 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 124 | $502,500 | $284 |
| LAND | 17 | $26,000 | N/A |
| MOBILE | 6 | $162,000 | $155 |
| CONDOS | 1 | $420,000 | $214 |
| MULTI_FAMILY | 1 | $410,000 | $290 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 15 |
| $100K - $199K | 4 |
| $200K - $299K | 4 |
| $300K - $399K | 14 |
| $400K - $499K | 44 |
| $500K - $749K | 57 |
| $750K+ | 11 |
Current Active Listings
As of this report, there are 1,310 active listings in Palmdale with a median asking price of $300,000 and an average of 196 days on market.
Thinking About Selling Your Palmdale Home?
If you're a homeowner in Palmdale considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Palmdale and throughout Los Angeles County — get a no-obligation cash offer today.