Is Coachella Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Coachella Valley has remained a Seller's Market.
Housing Prices in Coachella Valley, CA
How much do homes in Coachella Valley, CA cost?
Median Sold Price
$565,215
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coachella Valley was $565,215 in April 2024, down 3.4% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $315K | +1.6% |
2 Bedrooms | $489.4K | $479.4K | -2.0% |
3 Bedrooms | $620K | $619.2K | -0.1% |
4 Bedrooms | $679.7K | $667.8K | -1.8% |
5+ Bedrooms | $686.5K | $745K | +8.5% |
Summary: Coachella Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,017 | 1,087 | +6.9% |
Summary: The Coachella Valley real estate market had 1,087 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 18 | +12.5% |
2 Bedrooms | 300 | 306 | +2.0% |
3 Bedrooms | 395 | 421 | +6.6% |
4 Bedrooms | 224 | 245 | +9.4% |
5+ Bedrooms | 82 | 97 | +18.3% |
Summary: The Coachella Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
189 | 211 | +11.6% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 211 homes were sold or pending in Coachella Valley in April 2024, up by 11.6% month-over-month. Of the 211 sold homes, 64% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for Coachella Valley, CA
How long does it take to sell a home in Coachella Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 66 Days | +9.9% |
Summary: Homes in Coachella Valley had an average of 66 days on market in Apr 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
99 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During April 2024, 211 homes were sold in Coachella Valley; 30% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.