Market Report from Cathi Walter

Indian Wells, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Indian Wells, CA

Fri Dec 01 2023
This week the median list price for Indian Wells, CA is $2,045,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 48. Click here to stay informed with the Indian Wells market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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.

Indian Wells, CA

Fri Dec 01 2023
This week the median list price for Indian Wells, CA is $2,045,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has increased to 48. Click here to stay informed with the Indian Wells market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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 Indian Wells market.
Median List Price $2,045,000
Median Price of New Listings $2,013,500
Per Square Foot $610
Average Days on Market 90
Median Days on Market 42
Price Decreased 21%
Price Increased 4%
Relisted 13%
Inventory 48
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,645,000 5,708 0.5 - 1 acre 4 4.5 17 0 1 105
$2,422,500 3,764 0.25 - 0.5 acre 4 3.8 24 3 3 17
$1,757,500 3,020 0.25 - 0.5 acre 3 3.5 11 1 1 38
$1,135,000 2,588 6,500 - 8,000 sqft 3 3.3 36 2 1 45