Barsam & Associates

Cathedral City, CA 92234

Single-Family Homes

T: 877-522-7726 | www.barsaminc.com | DRE 01871779



Cathedral City, CA 92234

Wed Oct 04 2023
This week the median list price for Cathedral City, CA 92234 is $638,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 79. Click here to stay informed with the Cathedral City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cathedral City, CA 92234

Wed Oct 04 2023
This week the median list price for Cathedral City, CA 92234 is $638,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 79. Click here to stay informed with the Cathedral City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cathedral City market.
Median List Price $638,000
Median Price of New Listings $624,000
Per Square Foot $340
Average Days on Market 119
Median Days on Market 42
Price Decreased 32%
Price Increased 5%
Relisted 6%
Inventory 79
Median Rent
Market Action 46
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$799,900 2,164 6,500 - 8,000 sqft 4 3 21 0 0 70
$685,450 2,000 6,500 - 8,000 sqft 3 2 19 3 0 42
$599,000 1,846 6,500 - 8,000 sqft 3 2 23 6 4 42
$480,500 1,431 6,500 - 8,000 sqft 3 2 33 3 7 24