Is Indian Wells, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Indian Wells is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Indian Wells has remained a Seller's Market.

Key Takeaway

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

How much do homes in Indian Wells, CA cost?

Median Sold Price

$1,150,000

$419/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$268,200(+30.4%)

Key Takeaway

Homes in Indian Wells have sold for 30.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $191K$325.5K
+70.4%
2 $565K$689K
+21.9%
3 $725K$920K
+26.9%
4 $1.5M$2.3M
+49.5%
5+ $3.0M$4.4M
+47.4%

Median Sold Price Compared To Nearby Cities

Palm Desert
+32.9%
Indian Wells
+30.4%
Coachella Valley
+27.9%
Cathedral City-Palm Desert
+27.1%
La Quinta
+18.5%

How many homes are available in Indian Wells, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
6771+6.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 42
-50.0%
3 3538
+8.6%
4 2225
+13.6%
5+ 54
-20.0%

Number of Homes Sold

Jul 2022Aug 2022%
1019+90.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Indian Wells, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
49 Days36 Days-24.8%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Indian Wells 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 Indian Wells, CA

Homes for sale in Indian Wells, CA have reached 71. Between July 2022 and August 2022, Indian Wells, CA real estate market has seen increase in the number of listings by 6%. Listings spent 36 days on the market in August 2022, and had a median list price of $1,150,000 during the same period. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 70.4% more expensive, 2 bedrooms properties prices increased by 21.9%, prices of 3 bedrooms properties went up by 26.9%, 4 bedrooms properties prices increased by 49.5%, 5 bedrooms properties became 47.4% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes became 50% less available, 3 bedrooms homes inventory increased by 8.6%, 4 bedrooms homes became 13.6% more available, 5 bedrooms homes became 20% less available. In August 2022 more than 4 listings in Indian Wells, CA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 9 were sold below.

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