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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coachella is a neutral's market

Buyer's
Market

Difference Since January 2023

Since last year, Coachella has remained a Neutral Market.

Key Takeaway

Coachella is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Coachella, CA

How much do homes in Coachella, CA cost?

Median Sold Price

$455,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$25,250(+5.9%)

Key Takeaway

Homes in Coachella have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Coachella was $455,000 in January 2024, up 5.9% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $235K-
N/A
2 $296.5K$325K
+9.6%
3 $380K$377.5K
-0.7%
4 $450K$482.9K
+7.3%
5+ $539K$539.6K
0.1%

Summary: Coachella housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

Thermal
+8.0%
Coachella
+5.9%
Indio
-3.6%
Coachella Valley
-3.9%
Chuckwalla Valley
-32.1%

Housing Supply in Coachella, CA

How many homes are available in Coachella, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4049+22.5%

Summary: The Coachella real estate market had 49 homes for sale in January 2024, a 22.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 66
0.0%
2 33
0.0%
3 912
+33.3%
4 1317
+30.8%
5+ 911
+22.2%

Summary: The Coachella housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coachella, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Coachella in January 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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

Jan 2023Jan 2024CHANGE
53 Days42 Days-20.7%

Summary: Homes in Coachella had an average of 42 days on market in Jan 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 7 homes were sold in Coachella; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

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