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.
Key Takeaway
Coachella Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Coachella Valley have sold for 1.9% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Coachella Valley, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in Coachella Valley has remained consistent over time.
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.
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.