Barsam & Associates

Cathedral City, CA 92234

Single-Family Homes

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



Cathedral City, CA 92234

Wed Feb 21 2024
This week the median list price for Cathedral City, CA 92234 is $609,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 103. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Cathedral City, CA 92234

Wed Feb 21 2024
This week the median list price for Cathedral City, CA 92234 is $609,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 103. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cathedral City market.
Median List Price $609,000
Median Price of New Listings $589,000
Per Square Foot $344
Average Days on Market 96
Median Days on Market 49
Price Decreased 38%
Price Increased 6%
Relisted 15%
Inventory 103
Median Rent
Market Action 37
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
$829,000 2,160 8,000 - 10,000 sqft 4 3 21 1 1 84
$662,880 1,950 6,500 - 8,000 sqft 3 2.5 22 2 2 80
$586,500 1,709 6,500 - 8,000 sqft 4 2.3 30 2 2 45
$497,000 1,489 6,500 - 8,000 sqft 3 2 34 2 2 35