Is Indian Wells, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Indian Wells has remained a Seller's Market.
Key Takeaway
Indian Wells is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Wells, CA
How much do homes in Indian Wells, CA cost?
Median Sold Price
$1,275,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indian Wells have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Indian Wells was $1,275,000 in May 2024, up 19.9% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347K | $290K | -16.4% |
| 2 Bedrooms | $800K | $767.5K | -4.1% |
| 3 Bedrooms | $932.7K | $1.0M | +15.8% |
| 4 Bedrooms | $2.0M | $2.2M | +10.0% |
| 5+ Bedrooms | $2.1M | $4.8M | +128.7% |
Summary: Indian Wells housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 128.7%.
Median Sold Price Compared To Nearby Cities
| Indian Wells | $1.0M | $1.2M | +19.9% |
| La Quinta | $773.9K | $791.9K | +2.3% |
| Cathedral City-Palm Desert | $668.2K | $674.1K | +0.9% |
| Coachella Valley | $580.2K | $569.1K | -1.9% |
| Palm Desert | $593.2K | $574K | -3.2% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 143 | 140 | -2.1% |
Summary: The Indian Wells real estate market had 140 homes for sale in May 2024, a 2.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 67 | 61 | -9.0% |
| 4 Bedrooms | 43 | 40 | -7.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Indian Wells housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 28 | -28.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Wells, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Indian Wells in May 2024, down by 28.2% month-over-month. Of the 28 sold homes, 75% were sold under asking, 14% were sold at asking, and 11% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 52 Days | -15.7% |
Summary: Homes in Indian Wells had an average of 52 days on market in May 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indian Wells has remained consistent over time.
Summary: During May 2024, 28 homes were sold in Indian Wells; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% 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.