$3,088 Closing Credit*
$260,000
576 SqFt
1 Bed
•1 Full Bath
Amion Burton, Listing Office: Berkshire Hathaway Home Serv.
Is Indian Wells, 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, Indian Wells was a Seller's 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
$1,387,500
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$241,500(+21.1%)
Key Takeaway
Homes in Indian Wells have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Indian Wells was $1,387,500 in November 2024, up 21.1% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.5K | $290K | -2.8% |
| 2 Bedrooms | $825K | $750K | -9.1% |
| 3 Bedrooms | $995K | $1.1M | +15.6% |
| 4 Bedrooms | $1.8M | $2.2M | +23.2% |
| 5+ Bedrooms | $4.0M | $5.1M | +28.7% |
Summary: Indian Wells housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Cities
| Indian Wells | $1.1M | $1.3M | +21.1% |
| Coachella Valley | $565K | $584.8K | +3.5% |
| Palm Desert | $566.8K | $580.1K | +2.4% |
| Cathedral City-Palm Desert | $663.7K | $670.7K | +1.1% |
| La Quinta | $777.4K | $779.6K | 0.3% |
Housing Supply in Indian Wells, CA
How many homes are available in Indian Wells, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 151 | +32.5% |
Summary: The Indian Wells real estate market had 151 homes for sale in November 2024, a 32.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 48 | 60 | +25.0% |
| 4 Bedrooms | 38 | 54 | +42.1% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Indian Wells housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was 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 12 homes were sold or pending in Indian Wells in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 72 Days | +157.0% |
Summary: Homes in Indian Wells had an average of 72 days on market in Nov 2024, up by 157% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Indian Wells are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 12 homes were sold in Indian Wells; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% 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.