Is Indio, 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, Indio has remained a Seller's Market.
Housing Prices in Indio, CA
How much do homes in Indio, CA cost?
Median Sold Price
$530,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Indio was $530,000 in March 2024, down 2.7% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $216K | +4.1% |
2 Bedrooms | $479.1K | $470K | -1.9% |
3 Bedrooms | $535K | $539.9K | +0.9% |
4 Bedrooms | $602.7K | $580K | -3.8% |
5+ Bedrooms | $660K | $650K | -1.5% |
Summary: Indio housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Coachella | $430K | $451.6K | +5.0% |
La Quinta | $774.5K | $787.7K | +1.7% |
Cathedral City-Palm Desert | $669.5K | $671.6K | 0.3% |
Indio | $544.9K | $530K | -2.7% |
Coachella Valley | $588.1K | $567.4K | -3.5% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
393 | 476 | +21.1% |
Summary: The Indio real estate market had 476 homes for sale in March 2024, a 21.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 132 | 150 | +13.6% |
3 Bedrooms | 133 | 159 | +19.5% |
4 Bedrooms | 87 | 114 | +31.0% |
5+ Bedrooms | 38 | 47 | +23.7% |
Summary: The Indio housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 80 | +42.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Indio in March 2024, up by 42.9% month-over-month. Of the 80 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 65 Days | +2.1% |
Summary: Homes in Indio had an average of 65 days on market in Mar 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 80 homes were sold in Indio; 29% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.