Is Coachella Valley, 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 Valley was a Seller's Market.
Key Takeaway
Coachella Valley 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 Valley, CA
How much do homes in Coachella Valley, CA cost?
Median Sold Price
$570,885
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Coachella Valley have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Coachella Valley was $570,885 in June 2024, down 0.7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $315K | +1.6% |
| 2 Bedrooms | $479.7K | $479.9K | 0.1% |
| 3 Bedrooms | $615.9K | $619.3K | +0.6% |
| 4 Bedrooms | $664K | $680K | +2.4% |
| 5+ Bedrooms | $690K | $749.9K | +8.7% |
Summary: Coachella Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 984 | 971 | -1.3% |
Summary: The Coachella Valley real estate market had 971 homes for sale in June 2024, a 1.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 256 | 245 | -4.3% |
| 3 Bedrooms | 380 | 372 | -2.1% |
| 4 Bedrooms | 258 | 258 | 0.0% |
| 5+ Bedrooms | 76 | 82 | +7.9% |
Summary: The Coachella Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 231 | 160 | -30.7% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coachella Valley, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 160 homes were sold or pending in Coachella Valley in June 2024, down by 30.7% month-over-month. Of the 160 sold homes, 65% were sold under asking, 23% were sold at asking, and 12% were sold over asking.
Days on Market for Coachella Valley, CA
How long does it take to sell a home in Coachella Valley, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 58 Days | 66 Days | +13.7% |
Summary: Homes in Coachella Valley had an average of 66 days on market in Jun 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coachella Valley has remained consistent over time.
Summary: During June 2024, 160 homes were sold in Coachella Valley; 27% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 26% 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.