Is Coachella, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coachella is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Coachella, CA cost?

Median Sold Price

$372,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$72,000(+24.0%)

Key Takeaway

Homes in Coachella have sold for 24% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 -$174.5K
N/A
2 $240K$250K
+4.2%
3 $277.5K$322.5K
+16.2%
4 $310K$405K
+30.6%
5+ $360K$475K
+31.9%

Median Sold Price Compared To Nearby Cities

Thermal
+31.9%
Indio
+30.9%
Coachella Valley
+27.9%
Coachella
+24.0%

How many homes are available in Coachella, CA?

Number of Homes For Sale

Apr 2022May 2022%
3845+18.4%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 12
+100.0%
3 1416
+14.3%
4 1215
+25.0%
5+ 1011
+10.0%

Number of Homes Sold

Apr 2022May 2022%
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coachella, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
27 Days37 Days+38.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Coachella has remained consistent over time.

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

About Coachella, CA

Homes for sale in Coachella, CA have reached 45. Between April 2022 and May 2022, Coachella, CA real estate market has seen increase in the number of listings by 18.4%. In May 2022, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $372,000. Listing prices have changed in this real estate market between April 2022 and May 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 4.2% more expensive, prices of 3 bedrooms properties went up by 16.2%, 4 bedrooms properties prices increased by 30.6%, prices of 5 bedrooms properties increased by 31.9%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory increased by 14.3%, 4 bedrooms homes inventory increased by 25%, 5 bedrooms homes became 10% more available. Over 5 listings were sold over their listed price in May 2022 in Coachella, CA. In the same period over 4 listings were sold below the listed price and 1 listings were sold for the listed price.

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