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 neutral's market

Buyer's
Market

Difference Since January 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

$1,173,750

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$75,416(+6.9%)

Key Takeaway

Homes in Indian Wells have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Indian Wells was $1,173,750 in January 2024, up 6.9% from last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $349K$296.5K
-15.0%
2 $712K$774.5K
+8.8%
3 $920K$1.0M
+17.1%
4 $2.3M$1.9M
-16.1%
5+ $3.7M$4.2M
+14.0%

Summary: Indian Wells housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 14%.

Median Sold Price Compared To Nearby Cities

Indian Wells
+6.9%
Cathedral City-Palm Desert
-1.7%
La Quinta
-2.7%
Coachella Valley
-3.9%
Palm Desert
-7.9%

Housing Supply in Indian Wells, CA

How many homes are available in Indian Wells, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
96136+41.7%

Summary: The Indian Wells real estate market had 136 homes for sale in January 2024, a 41.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 54
-20.0%
2 1318
+38.5%
3 4565
+44.4%
4 2641
+57.7%
5+ 78
+14.3%

Summary: The Indian Wells housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 57.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 76.2% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Indian Wells in January 2024, up by 61.5% month-over-month. Of the 21 sold homes, 76% were sold under asking, 10% were sold at asking, and 14% 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

Jan 2023Jan 2024CHANGE
52 Days63 Days+20.8%

Summary: Homes in Indian Wells had an average of 63 days on market in Jan 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Indian Wells has remained consistent over time.

Summary: During January 2024, 21 homes were sold in Indian Wells; 10% of homes were sold within 30 days, 67% 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 20 Days Ago

Newest Listings in Indian Wells, CA

Nearby Markets to Indian Wells, CA

What housing markets are near Indian Wells, CA?