Is Coachella Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$569,174
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Coachella Valley was $569,174 in May 2024, down 1.9% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $315K | +3.3% |
2 Bedrooms | $484.9K | $480.2K | -1.0% |
3 Bedrooms | $614.9K | $621K | +1.0% |
4 Bedrooms | $672.7K | $675K | 0.3% |
5+ Bedrooms | $699K | $749.9K | +7.3% |
Summary: Coachella Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,049 | 1,065 | +1.5% |
Summary: The Coachella Valley real estate market had 1,065 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 15 | -16.7% |
2 Bedrooms | 294 | 280 | -4.8% |
3 Bedrooms | 414 | 409 | -1.2% |
4 Bedrooms | 241 | 271 | +12.4% |
5+ Bedrooms | 82 | 90 | +9.8% |
Summary: The Coachella Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
221 | 219 | -0.9% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 219 homes were sold or pending in Coachella Valley in May 2024, down by 0.9% month-over-month. Of the 219 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 61 Days | -3.7% |
Summary: Homes in Coachella Valley had an average of 61 days on market in May 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
104 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During May 2024, 219 homes were sold in Coachella Valley; 32% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.