Justin Tye

Cathedral City, CA

Single-Family Homes

Active Realty I REAL



Cathedral City, CA

Fri Dec 13 2024
This week the median list price for Cathedral City, CA is $599,475 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 152. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Fri Dec 13 2024
This week the median list price for Cathedral City, CA is $599,475 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 152. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $599,475
Median Price of New Listings $564,500
Per Square Foot $340
Average Days on Market 107
Median Days on Market 63
Price Decreased 36%
Price Increased 5%
Relisted 14%
Inventory 152
Median Rent
Market Action 33
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$824,950 2,101 6,500 - 8,000 sqft 3 3 20 1 1 77
$655,000 1,988 8,000 - 10,000 sqft 4 2.5 29 3 2 77
$571,782 1,709 8,000 - 10,000 sqft 3 2 26 2 4 59
$477,473 1,461 6,500 - 8,000 sqft 3 2 38 4 7 56