$8,620 Closing Credit*
$725,901
2,693 SqFt
3 Beds
•2 Full Baths, 1 Partial
RANDY ANDERSON, Listing Office: RICHMOND AMERICAN 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 October 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
$581,893
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,587(+2.6%)
Key Takeaway
Homes in Coachella Valley have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Coachella Valley was $581,893 in October 2024, up 2.6% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $305K | -1.6% |
| 2 Bedrooms | $475K | $479.9K | +1.1% |
| 3 Bedrooms | $610.2K | $626.3K | +2.6% |
| 4 Bedrooms | $676.6K | $661.4K | -2.3% |
| 5+ Bedrooms | $677.5K | $759K | +12.0% |
Summary: Coachella Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 12%.
Housing Supply in Coachella Valley, CA
How many homes are available in Coachella Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 872 | 986 | +13.1% |
Summary: The Coachella Valley real estate market had 986 homes for sale in October 2024, a 13.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 215 | 257 | +19.5% |
| 3 Bedrooms | 339 | 370 | +9.1% |
| 4 Bedrooms | 216 | 245 | +13.4% |
| 5+ Bedrooms | 88 | 100 | +13.6% |
Summary: The Coachella Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 135 | -2.2% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
24 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. 57.8% of homes here sold below asking price last month.
Summary: A total of 135 homes were sold or pending in Coachella Valley in October 2024, down by 2.2% month-over-month. Of the 135 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 53 Days | -4.5% |
Summary: Homes in Coachella Valley had an average of 53 days on market in Oct 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coachella Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 135 homes were sold in Coachella Valley; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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