Is Coachella, 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 has remained a Seller's Market.
Key Takeaway
Coachella is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coachella, CA
How much do homes in Coachella, CA cost?
Median Sold Price
$447,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coachella have sold for 5% more than they did a year ago.
Summary: The median home sold price in Coachella was $447,500 in May 2024, up 5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $305K | N/A |
| 2 Bedrooms | $293K | $327K | +11.6% |
| 3 Bedrooms | $384.5K | $398.5K | +3.6% |
| 4 Bedrooms | $460K | $494K | +7.4% |
| 5+ Bedrooms | $559.9K | $539.3K | -3.7% |
Summary: Coachella housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Coachella | $426.2K | $447.5K | +5.0% |
| Thermal | $290K | $295K | +1.7% |
| Coachella Valley | $580.2K | $569.1K | -1.9% |
| Indio | $540.7K | $530.1K | -1.9% |
| Chuckwalla Valley | $240K | $202K | -15.8% |
Housing Supply in Coachella, CA
How many homes are available in Coachella, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Coachella real estate market had 36 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Coachella housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coachella, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Coachella in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Coachella, CA
How long does it take to sell a home in Coachella, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 52 Days | +24.8% |
Summary: Homes in Coachella had an average of 52 days on market in May 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coachella are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Coachella; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.