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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coachella Valley is a neutral's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Coachella Valley, CA cost?

Median Sold Price

$582,911

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$103,039(+21.5%)

Key Takeaway

Homes in Coachella Valley have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $193.5K$320K
+65.4%
2 $389.3K$489K
+25.6%
3 $507.8K$615.8K
+21.3%
4 $580K$668.1K
+15.2%
5+ $597.5K$688K
+15.1%

Median Sold Price Compared To Nearby Cities

Coachella
+28.8%
Thermal
+26.2%
Indio
+25.4%
Coachella Valley
+21.5%
La Quinta
+18.4%

How many homes are available in Coachella Valley, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
772840+8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 108
-20.0%
2 210240
+14.3%
3 292300
+2.7%
4 197222
+12.7%
5+ 6370
+11.1%

Number of Homes Sold

Oct 2022Nov 2022%
120134+11.7%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coachella Valley, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
32 Days42 Days+31.5%

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

60 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Coachella Valley, CA

Coachella Valley, CA has 840 homes on the market. In November 2022 in Coachella Valley, CA there were 8.8% more homes for sale than in October 2022. The median list price of listings available in November 2022 was $582,911, while the average time on the real estate market was 42 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 65.4%, 2 bedrooms properties became 25.6% more expensive, 3 bedrooms properties prices increased by 21.3%, 4 bedrooms properties prices increased by 15.2%, prices of 5 bedrooms properties went up by 15.1%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 20%, 2 bedrooms homes became 14.3% more available, the quantity of 3 bedrooms homes went up by 2.7%, 4 bedrooms homes inventory increased by 12.7%, 5 bedrooms homes became 11.1% more available. In November 2022, from all listings sold in Coachella Valley, CA there were more than 19 sold above asking price, over 84 sold below and more than 31 were sold right at the asked price.

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