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 seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

-$20,725(-3.5%)

Key Takeaway

Homes in Coachella Valley have sold for 3.5% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $317.5K$310K
-2.4%
2 $494.7K$477.8K
-3.4%
3 $625K$619.4K
-0.9%
4 $675K$673.2K
-0.3%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Thermal
+7.3%
Coachella
+5.0%
La Quinta
+1.7%
Indio
-2.7%
Coachella Valley
-3.5%

Housing Supply in Coachella Valley, CA

How many homes are available in Coachella Valley, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9411,059+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

# BEDSFeb 2024Mar 2024CHANGE
1 1017
+70.0%
2 280309
+10.4%
3 350403
+15.1%
4 218240
+10.1%
5+ 8390
+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 2024Mar 2024CHANGE
151184+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coachella Valley, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
62 Days62 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 11 Days Ago

Newest Listings in Coachella Valley, CA

Nearby Markets to Coachella Valley, CA

What housing markets are near Coachella Valley, CA?