With only 2.5 months of inventory, Palo Cedro remains a seller's market. The median home price in Palo Cedro currently stands at $512,500. With 2.5 months of supply, Palo Cedro's inventory levels remain relatively tight. Properties are selling within just 28 days on average, much faster than the historical norm of 67 days. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Palo Cedro market with the affordability index at 997.1. Based on current market indicators, home prices in Palo Cedro are projected to increase by approximately 5.0% over the next month.