HomeSun City InsiderCoachella Valley Real Estate Market Update

Coachella Valley Real Estate Market Update

Coachella Valley home prices continue to climb due to high demand and lack of inventory. At the end of March, the median price of a detached home in the valley was $660,000, which represents a year-over-year gain of 20.2%. The median price for attached homes was $450,000, which is a gain of 30.4%.

Average number of sales in March was down 19% from March 2021. While below the peak levels of last year, March sales are above pre-pandemic March averages.
At 678 active listings as of April 1st, the Valley is short over 3,000 listings from pre-pandemic inventory levels. We did see a very slight bump in inventory, but there are still 14% fewer listings than this time last year. With no meaningful seasonal rise in inventory, the market seems to be headed for another 5-6 months in its current condition.

Reach out to a Jelmberg Team Real Estate Professional for more market information, or to see how much you can benefit from recent market trends on the sale of your home.



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