Is Coachella, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Coachella was a Seller's Market.
Housing Prices in Coachella, CA
How much do homes in Coachella, CA cost?
Median Sold Price
$455,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Coachella was $455,000 in June 2024, up 6.4% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $305K | N/A |
2 Bedrooms | $300K | $335K | +11.7% |
3 Bedrooms | $384.5K | $400K | +4.0% |
4 Bedrooms | $458K | $495.9K | +8.3% |
5+ Bedrooms | $539.6K | $540K | 0.1% |
Summary: Coachella housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
Coachella | $427.5K | $455K | +6.4% |
Thermal | $290K | $300K | +3.4% |
Coachella Valley | $575K | $570.8K | -0.7% |
Indio | $535.2K | $530.3K | -0.9% |
Housing Supply in Coachella, CA
How many homes are available in Coachella, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Coachella real estate market had 40 homes for sale in June 2024, a 17.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Coachella housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Coachella in June 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Coachella, CA
How long does it take to sell a home in Coachella, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
41 Days | 30 Days | -25.4% |
Summary: Homes in Coachella had an average of 30 days on market in Jun 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Coachella; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.