Sales Cool Slightly While Home Prices Remain Stable in the Coachella Valley

In April 2025, the Coachella Valley market shows a dynamic but balanced environment. Although home sales have tapered slightly from last year, the significant rise in available inventory and rising average prices suggest a market that remains active, offering buyers more options. The steady median price and consistent days on market provide reassurance for sellers regarding ongoing demand and market stability.

SALES TRENDS

Number of Homes Sold

In April 2025, a total of 648 homes were sold, representing a slight decrease of 1.82% compared to 660 homes sold in March 2025. When viewed year-over-year, sales were 6.63% lower than April 2024, which saw 694 homes sold. Despite this modest decline, sales activity remains healthy within the market context.

Inventory of Homes for Sale

The inventory of homes for sale in April 2025 stood at 3,670 properties. This represents a 4.28% decrease from the previous month’s 3,834 homes but signifies a notable 25.60% increase compared to April 2024’s inventory of 2,922 homes. This elevated inventory level indicates a growing selection for buyers, contributing to a more balanced market.

Median & Average Sale Price

The average sales price in April 2025 was $997,887, marking a notable 6.18% increase from March 2025’s average of $939,830, and a robust 14.73% rise compared to $869,763 in April 2024. 

The median sales price in the Coachella Valley held steady at $629,500, unchanged from both March 2025 and April of last year. 

Home prices remain stable overall, with strength in the upper end of the market driving the average higher.

Average Days on Market (DOM)

Homes in April 2025 remained on the market for an average of 75 days, unchanged from March 2025. This reflects a 10.29% increase compared to April 2024, when the average was 68 days. While properties are taking slightly longer to sell compared to last year, the timeframe remains within a reasonable range, indicative of a stable market pace.

New Listings 

New listings entering the market totaled 1,194 in April 2025, a decrease of 9.61% from 1,321 in March 2025. However, this figure is 7.86% higher than April 2024’s 1,107 new listings, reflecting a continued influx of fresh inventory and opportunities for buyers

What It Means For Buyers:

For buyers in the Coachella Valley, the market offers more choices than last year with a 25% increase in available homes, providing greater selection and less competition. While average prices have risen, steady median prices and slightly longer market times mean buyers can take a thoughtful approach. Being prepared and working with an experienced agent will help buyers navigate these positive conditions and find the right home.

What It Means For Sellers:

For sellers, the Coachella Valley market remains favorable. Although inventory has increased, strong average sale prices—up nearly 15% year-over-year—and a stable median price indicate solid buyer demand. Homes are selling within a reasonable timeframe, giving sellers confidence that well-priced properties will attract serious buyers. To maximize results, sellers should price strategically and partner with an experienced agent who can effectively market their home in this balanced market environment.

INTEREST RATES

As of May 2025, mortgage interest rates remain elevated, with the average 30-year fixed-rate and 30-year jumbo loans around 6.87%, and the 15-year fixed-rate mortgage averaging about 6.06%. These higher rates, influenced by economic factors and Federal Reserve policies, have increased borrowing costs and impacted buyer activity, making careful financial planning essential for prospective homebuyers and refinancers.

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.

In April 2025, real estate activity across the Coachella Valley showed a mix of trends. Palm Desert led the region with 162 homes sold, while Coachella and La Quinta were the only cities to see an increase in sales, up 50% and 15% respectively. In contrast, Palm Springs and Indian Wells experienced notable declines in sales, both down 27%. 

Despite varied sales activity, average sale prices increased in most cities, with Bermuda Dunes up 51%, Rancho Mirage up 29%, and La Quinta up 26%. 

Days on Market (DOM) rose in many areas, with Cathedral City up 73% to 78 days and Indio up 43% to 86 days, indicating longer selling times. However, Coachella stood out with the shortest DOM at just 40 days.

Overall, rising home values and longer market times suggest a more deliberate pace, favoring informed buyers and well-positioned sellers.

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) 409-8811, 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.