Is Indian Wells, 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, Indian Wells was a Seller's Market.
Key Takeaway
Indian Wells 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 Indian Wells, CA
How much do homes in Indian Wells, CA cost?
Median Sold Price
$1,317,750
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Indian Wells have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Indian Wells was $1,317,750 in June 2024, up 24.3% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $290K | -15.9% |
| 2 Bedrooms | $749K | $800K | +6.8% |
| 3 Bedrooms | $900K | $1.0M | +22.1% |
| 4 Bedrooms | $1.9M | $2.2M | +16.3% |
| 5+ Bedrooms | $2.1M | $5.0M | +135.1% |
Summary: Indian Wells housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 135.1%.
Median Sold Price Compared To Nearby Cities
| Indian Wells | $1.0M | $1.3M | +24.3% |
| La Quinta | $774.5K | $790.5K | +2.1% |
| Cathedral City-Palm Desert | $668.3K | $672.9K | +0.7% |
| Coachella Valley | $575K | $570.8K | -0.7% |
| Palm Desert | $591.2K | $571.5K | -3.3% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 124 | 109 | -12.1% |
Summary: The Indian Wells real estate market had 109 homes for sale in June 2024, a 12.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 23 | 19 | -17.4% |
| 3 Bedrooms | 55 | 42 | -23.6% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Indian Wells housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 23.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 18 | -37.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Wells, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Indian Wells in June 2024, down by 37.9% month-over-month. Of the 18 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% were sold over asking.
Days on Market for Indian Wells, CA
How long does it take to sell a home in Indian Wells, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 52 Days | 67 Days | +29.3% |
Summary: Homes in Indian Wells had an average of 67 days on market in Jun 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indian Wells has remained consistent over time.
Summary: During June 2024, 18 homes were sold in Indian Wells; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% 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.