Is Indio, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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
$530,082
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indio have sold for 3% less than they did a year ago.
Summary: The median home sold price in Indio was $530,082 in April 2024, down 3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $216K | -1.8% |
| 2 Bedrooms | $479.2K | $467.5K | -2.5% |
| 3 Bedrooms | $536K | $539.9K | +0.7% |
| 4 Bedrooms | $605K | $569.8K | -5.8% |
| 5+ Bedrooms | $655K | $657.5K | 0.4% |
Summary: Indio housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| La Quinta | $774.5K | $803.2K | +3.7% |
| Cathedral City-Palm Desert | $674K | $673K | -0.2% |
| Indio | $546.3K | $530K | -3.0% |
| Coachella Valley | $585.3K | $565.2K | -3.4% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 453 | 486 | +7.3% |
Summary: The Indio real estate market had 486 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 144 | 145 | +0.7% |
| 3 Bedrooms | 152 | 159 | +4.6% |
| 4 Bedrooms | 109 | 124 | +13.8% |
| 5+ Bedrooms | 43 | 54 | +25.6% |
Summary: The Indio housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 83 | +2.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 59% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Indio in April 2024, up by 2.5% month-over-month. Of the 83 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +3.9% |
Summary: Homes in Indio had an average of 57 days on market in Apr 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indio has remained consistent over time.
Summary: During April 2024, 83 homes were sold in Indio; 34% of homes were sold within 30 days, 52% 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.