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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Coachella Valley was a Seller's Market.

Key Takeaway

Coachella Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Coachella Valley, CA

How much do homes in Coachella Valley, CA cost?

Median Sold Price

$580,183

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$11,369(+2.0%)

Key Takeaway

Homes in Coachella Valley have sold for 2% more than they did a year ago.

Summary: The median home sold price in Coachella Valley was $580,183 in September 2024, up 2% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $305K$305K
0.0%
2 $477.9K$479.4K
0.3%
3 $608.1K$624.8K
+2.8%
4 $679.5K$666.7K
-1.9%
5+ $670K$785K
+17.2%

Summary: Coachella Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 17.2%.

Median Sold Price Compared To Nearby Cities

Coachella
+4.1%
Indio
+2.9%
Coachella Valley
+2.0%
La Quinta
+0.7%
Thermal
-1.0%

Housing Supply in Coachella Valley, CA

How many homes are available in Coachella Valley, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
828916+10.6%

Summary: The Coachella Valley real estate market had 916 homes for sale in September 2024, a 10.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1314
+7.7%
2 217234
+7.8%
3 335357
+6.6%
4 179220
+22.9%
5+ 8491
+8.3%

Summary: The Coachella Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
182123-32.4%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

18 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. 64.2% of homes here sold below asking price last month.

Summary: A total of 123 homes were sold or pending in Coachella Valley in September 2024, down by 32.4% month-over-month. Of the 123 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% 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

Sep 2023Sep 2024CHANGE
56 Days60 Days+7.9%

Summary: Homes in Coachella Valley had an average of 60 days on market in Sep 2024, up by 7.9% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

32 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 September 2024, 123 homes were sold in Coachella Valley; 31% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 26% 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 30 Days Ago

Newest Listings in Coachella Valley, CA

Nearby Markets to Coachella Valley, CA

What housing markets are near Coachella Valley, CA?