$1,450,000
0.43 Acres
Land
Toscana Team-Ford,Ginos, ..., Listing Office: Toscana Homes, Inc.
Is Indian Wells, 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, Indian Wells was a Neutral Market.
Key Takeaway
Indian Wells is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indian Wells, CA
How much do homes in Indian Wells, CA cost?
Median Sold Price
$1,440,000
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$365,000(+34.0%)
Key Takeaway
Homes in Indian Wells have sold for 34% more than they did a year ago.
Summary: The median home sold price in Indian Wells was $1,440,000 in October 2024, up 34% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $290K | -3.0% |
| 2 Bedrooms | $812.5K | $785K | -3.4% |
| 3 Bedrooms | $927.5K | $1.1M | +20.6% |
| 4 Bedrooms | $1.9M | $2.2M | +20.2% |
| 5+ Bedrooms | $2.9M | $5.0M | +69.9% |
Summary: Indian Wells housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 69.9%.
Median Sold Price Compared To Nearby Cities
| Indian Wells | $1.0M | $1.4M | +34.0% |
| Cathedral City-Palm Desert | $656K | $674.5K | +2.8% |
| Coachella Valley | $567.3K | $581.8K | +2.6% |
| Palm Desert | $567.2K | $578.9K | +2.1% |
| La Quinta | $777.4K | $782.8K | +0.7% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 121 | +57.1% |
Summary: The Indian Wells real estate market had 121 homes for sale in October 2024, a 57.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 31 | 51 | +64.5% |
| 4 Bedrooms | 24 | 39 | +62.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Indian Wells housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 64.5%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Indian Wells in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 42 Days | -5.6% |
Summary: Homes in Indian Wells had an average of 42 days on market in Oct 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indian Wells are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Indian Wells; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.