$5,403 Closing Credit*
$455,000
1,588 SqFt
2 Beds
•2 Full Baths
Candida Garcia, Listing Office: Bennion Deville Homes
Is Coachella Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Coachella Valley was a Seller's Market.
Key Takeaway
Coachella Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coachella Valley, CA
How much do homes in Coachella Valley, CA cost?
Median Sold Price
$584,816
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,768(+3.5%)
Key Takeaway
Homes in Coachella Valley have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Coachella Valley was $584,816 in November 2024, up 3.5% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $305K | +1.7% |
| 2 Bedrooms | $474.8K | $483.7K | +1.9% |
| 3 Bedrooms | $612.1K | $629.2K | +2.8% |
| 4 Bedrooms | $668.5K | $669.6K | 0.2% |
| 5+ Bedrooms | $660K | $785K | +18.9% |
Summary: Coachella Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 921 | 1,051 | +14.1% |
Summary: The Coachella Valley real estate market had 1,051 homes for sale in November 2024, a 14.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 236 | 284 | +20.3% |
| 3 Bedrooms | 344 | 400 | +16.3% |
| 4 Bedrooms | 233 | 248 | +6.4% |
| 5+ Bedrooms | 94 | 104 | +10.6% |
Summary: The Coachella Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 140 | 113 | -19.3% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coachella Valley, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Coachella Valley in November 2024, down by 19.3% month-over-month. Of the 113 sold homes, 62% were sold under asking, 27% were sold at asking, and 11% were sold over asking.
Days on Market for Coachella Valley, CA
How long does it take to sell a home in Coachella Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 62 Days | +30.4% |
Summary: Homes in Coachella Valley had an average of 62 days on market in Nov 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coachella Valley has remained consistent over time.
Summary: During November 2024, 113 homes were sold in Coachella Valley; 32% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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