Is Indio, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Indio has remained a Seller's Market.
Key Takeaway
Indio is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indio, CA
How much do homes in Indio, CA cost?
Median Sold Price
$528,119
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Indio have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Indio was $528,119 in November 2023, down 2.2% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $165K | -25.0% |
| 2 Bedrooms | $475K | $460K | -3.2% |
| 3 Bedrooms | $535K | $538.6K | +0.7% |
| 4 Bedrooms | $595K | $580K | -2.5% |
| 5+ Bedrooms | $672.5K | $645K | -4.1% |
Summary: Indio housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Coachella | $422.5K | $454K | +7.5% |
| Cathedral City-Palm Desert | $655.2K | $663.4K | +1.2% |
| La Quinta | $768.1K | $776K | +1.0% |
| Indio | $540K | $528.1K | -2.2% |
| Coachella Valley | $580K | $562.7K | -3.0% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 365 | 377 | +3.3% |
Summary: The Indio real estate market had 377 homes for sale in November 2023, a 3.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 120 | 121 | +0.8% |
| 3 Bedrooms | 107 | 113 | +5.6% |
| 4 Bedrooms | 108 | 106 | -1.9% |
| 5+ Bedrooms | 27 | 34 | +25.9% |
Summary: The Indio housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 61 | 66 | +8.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Indio in November 2023, up by 8.2% month-over-month. Of the 66 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Indio, CA
How long does it take to sell a home in Indio, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 46 Days | 50 Days | +8.7% |
Summary: Homes in Indio had an average of 50 days on market in Nov 2023, up by 8.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indio has remained consistent over time.
Summary: During November 2023, 66 homes were sold in Indio; 39% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 14% 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.