Is Indio, 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, Indio has remained a Seller's Market.
Key Takeaway
Indio is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indio, CA
How much do homes in Indio, CA cost?
Median Sold Price
$530,178
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indio have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Indio was $530,178 in May 2024, down 1.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $235K | +42.4% |
| 2 Bedrooms | $475K | $470K | -1.1% |
| 3 Bedrooms | $534.1K | $539.9K | +1.1% |
| 4 Bedrooms | $600K | $574.5K | -4.3% |
| 5+ Bedrooms | $665K | $700K | +5.3% |
Summary: Indio housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Coachella | $426.2K | $447.5K | +5.0% |
| La Quinta | $773.9K | $791.9K | +2.3% |
| Cathedral City-Palm Desert | $668.2K | $674.1K | +0.9% |
| Indio | $540.7K | $530.1K | -1.9% |
| Coachella Valley | $580.2K | $569.1K | -1.9% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 467 | 492 | +5.4% |
Summary: The Indio real estate market had 492 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 138 | 140 | +1.4% |
| 3 Bedrooms | 156 | 156 | 0.0% |
| 4 Bedrooms | 124 | 141 | +13.7% |
| 5+ Bedrooms | 45 | 51 | +13.3% |
Summary: The Indio 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 increased by 1.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 92 | +4.5% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in Indio in May 2024, up by 4.5% month-over-month. Of the 92 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Indio, CA
How long does it take to sell a home in Indio, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 62 Days | +2.7% |
Summary: Homes in Indio had an average of 62 days on market in May 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indio has remained consistent over time.
Summary: During May 2024, 92 homes were sold in Indio; 29% of homes were sold within 30 days, 50% 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.