What's Happening in Your Area?

Cathedral City, CA

Condos/Townhomes

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Cathedral City, CA

Sun Aug 01 2021
This week the median list price for Cathedral City, CA is $319,000 with the market action index hovering around 86. This is an increase over last month's market action index of 81. Inventory has held steady at or around 7. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Cathedral City, CA

Sun Aug 01 2021
This week the median list price for Cathedral City, CA is $319,000 with the market action index hovering around 86. This is an increase over last month's market action index of 81. Inventory has held steady at or around 7. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cathedral City market.
Median List Price $319,000
Median Price of New Listings $262,450
Per Square Foot $239
Average Days on Market 20
Median Days on Market 21
Price Decreased 43%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent $3,000
Market Action 86
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$365,000 1,505 0 - 4,500 sqft 2 2 45 0 0 21
$333,250 1,584 0 - 4,500 sqft 2 2 36 0 0 24
$309,450 1,287 0 - 4,500 sqft 2 2 25 1 1 28
$242,000 1,116 0 - 4,500 sqft 1 1 36 1 2 7