Is Indian Wells, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Indian Wells has remained a Seller's Market.
Housing Prices in Indian Wells, CA
How much do homes in Indian Wells, CA cost?
Median Sold Price
$1,250,000
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Indian Wells was $1,250,000 in March 2024, up 16.3% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349K | $290K | -16.9% |
2 Bedrooms | $725K | $749K | +3.3% |
3 Bedrooms | $902.5K | $1.1M | +24.0% |
4 Bedrooms | $2.2M | $1.9M | -14.3% |
5+ Bedrooms | $2.9M | $4.8M | +65.3% |
Summary: Indian Wells housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 65.3%.
Median Sold Price Compared To Nearby Cities
Indian Wells | $1.0M | $1.2M | +16.3% |
La Quinta | $774.5K | $787.7K | +1.7% |
Cathedral City-Palm Desert | $669.5K | $671.6K | 0.3% |
Coachella Valley | $588.1K | $567.4K | -3.5% |
Palm Desert | $614.5K | $570K | -7.2% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
154 | 167 | +8.4% |
Summary: The Indian Wells real estate market had 167 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 19 | 22 | +15.8% |
3 Bedrooms | 72 | 79 | +9.7% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Indian Wells housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Indian Wells in March 2024, up by 15.6% month-over-month. Of the 37 sold homes, 59% were sold under asking, 24% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 57 Days | -17.3% |
Summary: Homes in Indian Wells had an average of 57 days on market in Mar 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Indian Wells; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.