Is Coachella Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Coachella Valley has remained a Seller's Market.
Housing Prices in Coachella Valley, CA
How much do homes in Coachella Valley, CA cost?
Median Sold Price
$567,429
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coachella Valley was $567,429 in March 2024, down 3.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $317.5K | $310K | -2.4% |
2 Bedrooms | $494.7K | $477.8K | -3.4% |
3 Bedrooms | $625K | $619.4K | -0.9% |
4 Bedrooms | $675K | $673.2K | -0.3% |
5+ Bedrooms | $688K | $725K | +5.4% |
Summary: Coachella Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
941 | 1,059 | +12.5% |
Summary: The Coachella Valley real estate market had 1,059 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 17 | +70.0% |
2 Bedrooms | 280 | 309 | +10.4% |
3 Bedrooms | 350 | 403 | +15.1% |
4 Bedrooms | 218 | 240 | +10.1% |
5+ Bedrooms | 83 | 90 | +8.4% |
Summary: The Coachella Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 70%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 8.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 184 | +21.9% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 184 homes were sold or pending in Coachella Valley in March 2024, up by 21.9% month-over-month. Of the 184 sold homes, 61% were sold under asking, 20% were sold at asking, and 19% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 62 Days | -0.3% |
Summary: Homes in Coachella Valley had an average of 62 days on market in Mar 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Summary: During March 2024, 184 homes were sold in Coachella Valley; 32% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.