Is Indian Wells, 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, Indian Wells has remained a Seller's Market.
Housing Prices in Indian Wells, CA
How much do homes in Indian Wells, CA cost?
Median Sold Price
$1,200,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Indian Wells was $1,200,000 in April 2024, up 9.1% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $347K | $290K | -16.4% |
2 Bedrooms | $800K | $708.6K | -11.4% |
3 Bedrooms | $929K | $1.1M | +19.7% |
4 Bedrooms | $2.0M | $2.1M | +1.2% |
5+ Bedrooms | $2.5M | $4.7M | +85.5% |
Summary: Indian Wells housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 85.5%.
Median Sold Price Compared To Nearby Cities
Indian Wells | $1.1M | $1.2M | +9.1% |
La Quinta | $774.5K | $803.2K | +3.7% |
Cathedral City-Palm Desert | $674K | $673K | -0.2% |
Coachella Valley | $585.3K | $565.2K | -3.4% |
Palm Desert | $599.8K | $571.9K | -4.7% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 154 | -3.1% |
Summary: The Indian Wells real estate market had 154 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 78 | 72 | -7.7% |
4 Bedrooms | 50 | 48 | -4.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Indian Wells housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 37 | -2.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Indian Wells in April 2024, down by 2.6% month-over-month. Of the 37 sold homes, 59% were sold under asking, 14% were sold at asking, and 27% were sold over asking.
Days on Market for Indian Wells, CA
How long does it take to sell a home in Indian Wells, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 54 Days | +55.3% |
Summary: Homes in Indian Wells had an average of 54 days on market in Apr 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Indian Wells; 38% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.