Barsam & Associates

Cathedral City, CA 92234

Single-Family Homes

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


Cathedral City, CA 92234

Sat Apr 20 2024
This week the median list price for Cathedral City, CA 92234 is $624,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 109. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Cathedral City, CA 92234

Sat Apr 20 2024
This week the median list price for Cathedral City, CA 92234 is $624,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has increased to 109. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cathedral City market.
Median List Price $624,900
Median Price of New Listings $619,988
Per Square Foot $338
Average Days on Market 98
Median Days on Market 56
Price Decreased 38%
Price Increased 5%
Relisted 14%
Inventory 109
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$871,180 2,130 8,000 - 10,000 sqft 4 3 21 4 2 56
$685,000 2,118 6,500 - 8,000 sqft 4 3 34 2 3 28
$575,000 1,883 6,500 - 8,000 sqft 4 2.5 20 2 6 84
$494,000 1,521 6,500 - 8,000 sqft 3 2 36 5 5 42