$10,000 Closing Credit*
$999,900
2,802 SqFt
6 Beds
•3 Full Baths
LETICIA ARTEAGA, Listing Office: RE/MAX TIME REALTY
Is Indio, 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, Indio was a Seller's Market.
Key Takeaway
Indio is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indio, CA
How much do homes in Indio, CA cost?
Median Sold Price
$541,033
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,691(+2.2%)
Key Takeaway
Homes in Indio have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Indio was $541,033 in November 2024, up 2.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $225.5K | +36.7% |
| 2 Bedrooms | $460K | $470.9K | +2.4% |
| 3 Bedrooms | $539.9K | $543.7K | +0.7% |
| 4 Bedrooms | $580K | $570K | -1.7% |
| 5+ Bedrooms | $642.4K | $735K | +14.4% |
Summary: Indio housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Coachella Valley | $565K | $584.8K | +3.5% |
| Indio | $529.3K | $541K | +2.2% |
| Cathedral City-Palm Desert | $663.7K | $670.7K | +1.1% |
| La Quinta | $777.4K | $779.6K | 0.3% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 448 | 511 | +14.1% |
Summary: The Indio real estate market had 511 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 | 3 | 2 | -33.3% |
| 2 Bedrooms | 133 | 166 | +24.8% |
| 3 Bedrooms | 139 | 163 | +17.3% |
| 4 Bedrooms | 119 | 123 | +3.4% |
| 5+ Bedrooms | 54 | 57 | +5.6% |
Summary: The Indio housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 48 | -22.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Indio in November 2024, down by 22.6% month-over-month. Of the 48 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Indio, CA
How long does it take to sell a home in Indio, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 60 Days | +22.9% |
Summary: Homes in Indio had an average of 60 days on market in Nov 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Indio has remained consistent over time.
Summary: During November 2024, 48 homes were sold in Indio; 31% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% 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.