Is Thermal, CA 92274 a buyer’s or seller’s market?

The Thermal housing market right now

In the three months ending August 31, 2026, 19% of homes in Thermal, CA 92274 sold above their list price, the typical home went under contract in 48 days and there were 8.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (99 days then) and the median sale price rose 3% to $315,863. Overall, Thermal is about as competitive as it was a year ago.

Within Riverside County, homes here sell faster than in 55% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Thermal ranks #914 of 1,069 CA ZIP codes with enough sales (score 38 out of 100).

Nearby, buyers who want less competition could look at North Palm Springs 92258 (0% sold over asking) or Cabazon 92230 (0% sold over asking), while Moreno Valley 92553 (55% sold over asking) and Riverside 92504 (53% sold over asking) are even more competitive.