$6,876 Closing Credit*
$579,000
2,460 SqFt
4 Beds
•2 Full Baths, 1 Partial
James Guillermo, Listing Office: KW Coachella Valley
Is Indio, 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, 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
$539,732
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,609(+1.8%)
Key Takeaway
Homes in Indio have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Indio was $539,732 in October 2024, up 1.8% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $235K | +51.6% |
| 2 Bedrooms | $463.7K | $467.4K | +0.8% |
| 3 Bedrooms | $537K | $540K | +0.6% |
| 4 Bedrooms | $580K | $569.8K | -1.7% |
| 5+ Bedrooms | $649K | $732.2K | +12.8% |
Summary: Indio housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Coachella | $454K | $468K | +3.1% |
| Cathedral City-Palm Desert | $656K | $674.5K | +2.8% |
| Coachella Valley | $567.3K | $581.8K | +2.6% |
| Indio | $530.1K | $539.7K | +1.8% |
| La Quinta | $777.4K | $782.8K | +0.7% |
Housing Supply in Indio, CA
How many homes are available in Indio, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 419 | 487 | +16.2% |
Summary: The Indio real estate market had 487 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 114 | 147 | +28.9% |
| 3 Bedrooms | 134 | 149 | +11.2% |
| 4 Bedrooms | 114 | 128 | +12.3% |
| 5+ Bedrooms | 55 | 60 | +9.1% |
Summary: The Indio housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indio, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Indio in October 2024, down by 1.6% month-over-month. Of the 60 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 55 Days | -0.7% |
Summary: Homes in Indio had an average of 55 days on market in Oct 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indio are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 60 homes were sold in Indio; 48% of homes were sold within 30 days, 30% 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.