Market Report

Cathedral City, CA

Single-Family Homes

Chartwell Escrow



Cathedral City, CA

Thu Dec 05 2024
This week the median list price for Cathedral City, CA is $597,277 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 156. 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

Thu Dec 05 2024
This week the median list price for Cathedral City, CA is $597,277 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 156. 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 $597,277
Median Price of New Listings $559,563
Per Square Foot $339
Average Days on Market 101
Median Days on Market 56
Price Decreased 37%
Price Increased 5%
Relisted 13%
Inventory 156
Median Rent
Market Action 32
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
$797,000 2,100 6,500 - 8,000 sqft 3 3 20 1 2 70
$655,000 1,975 8,000 - 10,000 sqft 4 2.5 30 2 4 63
$555,000 1,709 6,500 - 8,000 sqft 3 2 27 6 2 56
$475,000 1,493 6,500 - 8,000 sqft 3 2 36 5 7 49