3 hours on Rocket
$10,000 Closing Credit¹
#OC25046848, Eric Engelbert, Listing Office: Orange County Real Estate Inc
Cathedral City-Palm Desert Housing Market Report February 2025•Riverside County, California
Housing Prices in Cathedral City-Palm Desert, CA
How much do homes in Cathedral City-Palm Desert, CA cost?
Housing Market Conditions
Is Cathedral City-Palm Desert, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cathedral City-Palm Desert is a Buyer's Market
Difference Since February 2024
At the same time last year, Cathedral City-Palm Desert was a Seller's Market.
Insight
Cathedral City-Palm Desert is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$670,540$364/SqFt
+$6,052
+0.9%
Based on all homes sold in the last 12 months
Insight
Homes in Cathedral City-Palm Desert have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Cathedral City-Palm Desert was $670,540 in February 2025, up 0.9% from last year, and the median price per square foot was $364.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Rancho Mirage | $839K | $920.5K | +9.7% |
| Indian Wells | $1.1M | $1.2M | +8.2% |
| Cathedral City | $487K | $512K | +5.1% |
| Palm Desert | $560.8K | $585.2K | +4.4% |
| Cathedral City-Palm Desert | $664.4K | $670.5K | +0.9% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $300K | $300K | 0.0% |
| 22 Bedrooms | $483K | $500K | +3.5% |
| 33 Bedrooms | $713.9K | $714.2K | 0.1% |
| 44 Bedrooms | $1.1M | $990K | -12.4% |
| 55+ Bedrooms | $1.6M | $1.1M | -27.8% |
Summary: Cathedral City-Palm Desert housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +3.5%. The home price for 3 bedroom homes increased by 0.1%. The home price for 4 bedroom homes decreased by -12.4%. The home price for 5 bedroom homes decreased by -27.8%.
How does Cathedral City-Palm Desert, CA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Cathedral City-Palm Desert, CA
Housing supply in Cathedral City-Palm Desert, CA
How many homes are available in Cathedral City-Palm Desert, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 343Last MonthFeb 2025 | ||
| 3132 months agoJan 2025 | +9.6 % Change MoMJan – Feb |
Summary: The Cathedral City-Palm Desert real estate market had 343 homes for sale in Feb 2025, a 9.6 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 40Last MonthFeb 2025 | ||
| 332 months agoJan 2025 | +21.2 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 9 | 11 | +22.2% |
| 22 Bedrooms | 95 | 101 | +6.3% |
| 33 Bedrooms | 137 | 150 | +9.5% |
| 44 Bedrooms | 58 | 66 | +13.8% |
| 55+ Bedrooms | 14 | 15 | +7.1% |
Summary: Cathedral City-Palm Desert housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +22.2%. The inventory for 2 bedroom homes increased by +6.3%. The inventory for 3 bedroom homes increased by +9.5%. The inventory for 4 bedroom homes increased by +13.8%. The inventory for 5 bedroom homes increased by +7.1%.
Asking Price vs. Sold Price
How much do homes in Cathedral City-Palm Desert, CA cost?
Over Asking Price8 Homes
At Asking Price7 Homes
Under Asking Price25 Homes
Insight
If you're buying a home in Cathedral City-Palm Desert, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Cathedral City-Palm Desert in February 2025, up by 21.2% month-over-month. Of the 40 sold homes, 63% were sold under asking, 18% were sold at asking, and and 20% were sold over asking.
Days on Market for Cathedral City-Palm Desert, CA
How long does it take to sell a home in Cathedral City-Palm Desert, CA?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days16 Homes
Over 90 Days11 Homes
Insight
Avg time on Rocket Homes in Cathedral City-Palm Desert has remained consistent over time.
Summary: During February 2025, 40 homes were sold in Cathedral City-Palm Desert; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 60 DaysThis YearFeb 2025 | ||
| 58 Days1 year agoFeb 2024 | +4.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Cathedral City-Palm Desert had an average listing age of 60 days in Feb 2025, up by 4.8% compared to the previous year.
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Newest Listings in Cathedral City-Palm Desert, CA
What homes are available in Cathedral City-Palm Desert, CA?
1 day on Rocket
$4,144 Closing Credit¹
#PW25060892, Jerardo Linares, Listing Office: Millenia Real Estate
1 day on Rocket
$8,905 Closing Credit¹
#PW25063775, Ronil Patel, Listing Office: Seventy Seven Management Group
2 days on Rocket
$4,513 Closing Credit¹
#PW25063459, Dennis Fulmore, Listing Office: Dennis Wayne Group
2 days on Rocket
$6,828 Closing Credit¹
#PW25054278, Jeffrey Cottingham, Listing Office: Century 21 Masters
2 days on Rocket
$10,000 Closing Credit¹
#SR25051922, Diana Rosero, Listing Office: Homes By Consulting Magnolia
3 days on Rocket
$3,313 Closing Credit¹
#SB25059098, Kevin Sullivan, Listing Office: Casa Bella Realty Group
3 days on Rocket
$7,006 Closing Credit¹
#PF25062934, Jessica Lupian, Listing Office: Pete Whan and Associates, Inc.
3 days on RocketVideo tour
$4,097 Closing Credit¹
#NDP2502733, Kelly Hughes, Listing Office: Real Broker
4 days on Rocket
$8,253 Closing Credit¹
#WS25062148, KALYNN BROWN, Listing Office: Wedgewood Homes Realty
4 days on RocketVideo tour
#NDP2502699, Daniel Greer, Listing Office: Del Mar Mesa Realty
4 days on Rocket
$9,132 Closing Credit¹
#IG25058336, KELLY TWEEDIE, Listing Office: KELLER WILLIAMS-LA QUINTA
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Greater Antelope Valley MLS for the period 03/01/2023 - 03/01/2025
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/25/2025, 6:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Greater Antelope Valley MLS. Information deemed reliable but not guaranteed.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/25/2025, 6:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/25/2025, 6:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.