$239,999
0.05 Acres
Land
Alexis Nassif, Listing Office: Compass
Is Cathedral City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Cathedral City was a Seller's Market.
Key Takeaway
Cathedral City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cathedral City, CA
How much do homes in Cathedral City, CA cost?
Median Sold Price
$499,360
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,360(+3.0%)
Key Takeaway
Homes in Cathedral City have sold for 3% more than they did a year ago.
Summary: The median home sold price in Cathedral City was $499,360 in September 2024, up 3% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $268K | -0.7% |
| 2 Bedrooms | $375K | $378K | +0.8% |
| 3 Bedrooms | $499.9K | $510.6K | +2.1% |
| 4 Bedrooms | $582.5K | $575K | -1.3% |
| 5+ Bedrooms | $669.5K | $677.5K | +1.2% |
Summary: Cathedral City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Rancho Mirage | $841.1K | $898.7K | +6.8% |
| Palm Springs | $615.4K | $639.7K | +3.9% |
| Cathedral City | $485K | $499.3K | +3.0% |
| Cathedral City-Palm Desert | $661.2K | $672.5K | +1.7% |
Housing Supply in Cathedral City, CA
How many homes are available in Cathedral City, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 250 | 264 | +5.6% |
Summary: The Cathedral City real estate market had 264 homes for sale in September 2024, a 5.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 60 | 65 | +8.3% |
| 3 Bedrooms | 100 | 102 | +2.0% |
| 4 Bedrooms | 64 | 73 | +14.1% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Cathedral City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cathedral City, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Cathedral City in September 2024, down by 18.6% month-over-month. Of the 35 sold homes, 46% were sold under asking, 34% were sold at asking, and 20% were sold over asking.
Days on Market for Cathedral City, CA
How long does it take to sell a home in Cathedral City, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 53 Days | 54 Days | +2.4% |
Summary: Homes in Cathedral City had an average of 54 days on market in Sep 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cathedral City are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 35 homes were sold in Cathedral City; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% 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. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.