$7,897 Closing Credit*
$665,000
2,569 SqFt
2 Beds
•2 Full Baths, 1 Partial
MELL HARGO, Listing Office: TRUSTED REALTY ADVISORS
Is Indio, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Indio was a Seller's Market.
Key Takeaway
Indio is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indio, CA
How much do homes in Indio, CA cost?
Median Sold Price
$539,994
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,994(+2.9%)
Key Takeaway
Homes in Indio have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Indio was $539,994 in September 2024, up 2.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $235K | +42.4% |
| 2 Bedrooms | $463.5K | $460K | -0.8% |
| 3 Bedrooms | $531.6K | $540.4K | +1.7% |
| 4 Bedrooms | $580K | $573.5K | -1.1% |
| 5+ Bedrooms | $645K | $742.5K | +15.1% |
Summary: Indio housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Coachella | $442K | $460K | +4.1% |
| Indio | $525K | $539.9K | +2.9% |
| Coachella Valley | $568.8K | $580.1K | +2.0% |
| Cathedral City-Palm Desert | $661.2K | $672.5K | +1.7% |
| La Quinta | $777.3K | $782.3K | +0.7% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 415 | 448 | +8.0% |
Summary: The Indio real estate market had 448 homes for sale in September 2024, a 8.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 118 | 122 | +3.4% |
| 3 Bedrooms | 138 | 144 | +4.3% |
| 4 Bedrooms | 102 | 121 | +18.6% |
| 5+ Bedrooms | 55 | 59 | +7.3% |
Summary: The Indio housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 92 | 51 | -44.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Indio in September 2024, down by 44.6% month-over-month. Of the 51 sold homes, 51% were sold under asking, 25% were sold at asking, and 24% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -3.4% |
Summary: Homes in Indio had an average of 51 days on market in Sep 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indio has remained consistent over time.
Summary: During September 2024, 51 homes were sold in Indio; 35% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 16% 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.