Is Cathedral City, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Cathedral City is a seller's market


Difference Since May 2022

Since last year, Cathedral City has remained a Seller's Market.

Key Takeaway

Cathedral City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cathedral City, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Cathedral City have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $197.4K$271K
2 $332K$365K
3 $488.5K$505K
4 $560K$610K
5+ $665K$664.5K

Median Sold Price Compared To Nearby Cities

Cathedral City-Palm Desert
Cathedral City
Rancho Mirage
Palm Springs

How many homes are available in Cathedral City, CA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 99
2 5159
3 111116
4 4042
5+ 1110

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cathedral City, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.

How long does it take to sell a home in Cathedral City, CA?

How long does it take to sell a home in Cathedral City, CA?

Average Sale Time

May 2022May 2023%
36 Days63 Days+75.9%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cathedral City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Cathedral City, CA?

About Cathedral City, CA

There are 236 homes are for sale in Cathedral City, CA real estate market. The number of homes for sale in Cathedral City, CA increased by 6.3% between April 2023 and May 2023. While the average time on the market in May 2023 was 63 days, the median list price was $488,000. This housing market listing prices have changed between April 2023 and May 2023: prices of 1 bedroom properties increased by 37.2%, 2 bedrooms properties became 9.9% more expensive, prices of 3 bedrooms properties increased by 3.4%, 4 bedrooms properties prices increased by 8.9%, prices of 5 bedrooms properties decreased by 0.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 15.7%, number of 3 bedrooms homes increased by 4.5%, the quantity of 4 bedrooms homes went up by 5%, 5 bedrooms homes inventory decreased by 9.1%. In May 2023, from all listings sold in Cathedral City, CA there were more than 16 sold above asking price, over 34 sold below and more than 9 were sold right at the asked price.