Coachella Valley Home Sales Rise While Selling Time Increases

As we move into 2025, the Coachella Valley real estate market continues to show strength, with positive trends in home sales, inventory, and pricing. Buyers and sellers alike are finding opportunities in a market that remains dynamic and balanced. Here’s a detailed look at the latest numbers.

SALES TRENDS

Number of Homes Sold

In January 2025, 493 properties were sold, marking a 1.02% increase from December’s total of 488 homes and an 8.35% increase from 455 homes sold in January 2024. This upward trend signals sustained buyer interest and movement in the market.   

Inventory of Homes for Sale

The number of homes for sale in January 2025 stood at 3,346, representing a 10.58% increase from December’s 3,026 active listings and a 23.79% rise from 2,703 homes available in January 2024. This increase in inventory provides more options for buyers while maintaining a balanced market.

Median & Average Sale Price

Home prices in the Coachella Valley continued their post-COVID rise in January, demonstrating resilience and ongoing buyer interest.

Average Sales Price: The average sales price remained steady at $942,400, unchanged from December but marking a 4.70% increase from January 2024’s $900,094. This sustained growth in the average price highlights the ongoing demand for homes in the region, particularly in higher price brackets. 

Median Sales Price: The median home price reached $645,000, reflecting a 10.26% increase from December’s $585,000 and a 12.57% gain over January 2024’s $573,000. This is the highest median sales price recorded for January in the past three years, underscoring the steady appreciation in home values.

The rising median and average prices indicate that entry-level and luxury home segments are experiencing price appreciation. This reflects continued confidence in the Coachella Valley real estate market, driven by a desirable lifestyle, increasing buyer interest, and the region’s appeal as a premier destination for primary and secondary homeownership.

Average Days on Market (DOM)

Homes in January 2025 averaged 71 days on the market, the same as December but 4.41% longer than January 2024’s 68 days. This slight increase suggests that while demand remains strong, buyers are taking more time to make decisions, likely due to the rising inventory.

New Listings 

New listings surged in January 2025, with 1,416 homes hitting the market – an 88.3% jump from December’s 752 new listings and a 24.76% increase from January 2024’s 1,135 new listings. This rise in fresh inventory provides buyers with more opportunities while creating a more dynamic marketplace.

What It Means For Buyers:

With inventory up 23.79% from last year and 1,416 new listings in January alone, buyers now have more choices and more time to make a decision. While home prices continue to rise, the average days on market at 71 days gives buyers more time to explore options and negotiate favorable terms.

What It Means For Sellers:

For sellers, the market remains favorable, with home prices at their highest levels in recent years—the median sales price up 12.57% year-over-year and the average sales price up 4.7%. While inventory has increased, demand remains strong, as seen in the 8.35% rise in homes sold compared to January 2024. Strategically pricing and showcasing your home are key to attracting serious buyers in this more competitive landscape. 

INTEREST RATES

Mortgage interest rates have experienced a slight decline. The average 30-year fixed-rate mortgage stands at 6.87%, down from 7.13% a month ago. The 15-year fixed-rate mortgage is at 6.03%, a decrease from 6.10% over the same period.

Jumbo 30-year fixed-rate mortgages are averaging 6.84%, slightly lower than the previous month’s 6.90%. These downward trends suggest a modest easing in borrowing costs for prospective homebuyers.

CITY STANDOUTS!  WHAT'S UP AND WHO'S DOWN?

The numbers for each major city in the area give a better view of the trends in our market.

Home sales across the Coachella Valley saw mixed results. Bermuda Dunes doubled its sales (100%), while Cathedral City rose 36%. Palm Desert led with 113 homes sold, followed by La Quinta with 90. However, Coachella saw a sharp 50% decline, and Desert Hot Springs dropped 14%, highlighting varying demand across the region.

Home prices remain strong in much of the valley. Bermuda Dunes saw a 52% jump to $1,059,250, and Palm Desert rose 21% to $894,672. On the other hand, Indian Wells (-5%), La Quinta (-4%), and Indio (-9%) saw declines. Indian Wells remains the highest-priced market at $1,652,008, reflecting continued demand for luxury homes.

Homes are taking longer to sell in many areas. Bermuda Dunes (+123%) and Rancho Mirage (+92%) saw the biggest increases, with homes sitting for 118 and 102 days, respectively. Meanwhile, Indian Wells (-21%) and Coachella (-19%) saw faster sales. This trend suggests buyers have more time to explore options in most markets.

CITY WATCH - PALM DESERT

If you're considering putting your home on the market, let us help you get it SOLD! Now, more than ever, marketing matters! Our world-class marketing plan, with online ads, paid YouTube ads, and social media exposure, is critical in this shifting market. Call now for a free seller consultation, and let us help you decide if now is the right time to sell your home. 

If you'd like a detailed market report for a specific city, email us and let us know which city reports you'd like to receive.

Call us at (760) 625-7229, or visit www.thehamiltonregroup.com for an easy-to-use home search and information on how we can help you with all your essential real estate needs.

The Hamilton Real Estate Group is evolving to meet all our customers' real estate needs. If you are ready to sell, call or email us, or for a FREE instant home valuation report, click here: What's My Home Worth?