New - 1 hour on Rocket
$10,000 Closing Credit¹
Bespoke Real Estate Group, Listing Office: Equity Union
Cathedral City-Palm Desert Housing Market Report December 2024•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 December 2023
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
$674,890$365/SqFt
+$11,526
+1.7%
Based on all homes sold in the last 12 months
Insight
Homes in Cathedral City-Palm Desert have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Cathedral City-Palm Desert was $674,890 in December 2024, up 1.7% from last year, and the median price per square foot was $365.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Indian Wells | $1.1M | $1.3M | +20.3% |
| Rancho Mirage | $838.5K | $919K | +9.6% |
| Cathedral City | $490K | $515.4K | +5.2% |
| Palm Desert | $564.8K | $584.5K | +3.5% |
| Cathedral City-Palm Desert | $663.3K | $674.8K | +1.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $299.9K | $315K | +5.0% |
| 22 Bedrooms | $480K | $499K | +4.0% |
| 33 Bedrooms | $711.1K | $719.2K | +1.1% |
| 44 Bedrooms | $1.1M | $1.1M | +0.7% |
| 55+ Bedrooms | $1.6M | $1.2M | -22.1% |
Summary: Cathedral City-Palm Desert housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +5.0%. The home price for 2 bedroom homes increased by +4.0%. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes increased by +0.7%. The home price for 5 bedroom homes decreased by -22.1%.
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 |
|---|---|---|
| 1,912Last MonthDec 2024 | ||
| 1,8102 months agoNov 2024 | +5.6 % Change MoMNov – Dec |
Summary: The Cathedral City-Palm Desert real estate market had 1,912 homes for sale in Dec 2024, a 5.6 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 248Last MonthDec 2024 | ||
| 2002 months agoNov 2024 | +24.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 38 | 44 | +15.8% |
| 22 Bedrooms | 482 | 521 | +8.1% |
| 33 Bedrooms | 845 | 869 | +2.8% |
| 44 Bedrooms | 359 | 379 | +5.6% |
| 55+ Bedrooms | 86 | 99 | +15.1% |
Summary: Cathedral City-Palm Desert housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +15.8%. The inventory for 2 bedroom homes increased by +8.1%. The inventory for 3 bedroom homes increased by +2.8%. The inventory for 4 bedroom homes increased by +5.6%. The inventory for 5 bedroom homes increased by +15.1%.
Asking Price vs. Sold Price
How much do homes in Cathedral City-Palm Desert, CA cost?
Over Asking Price19 Homes
At Asking Price58 Homes
Under Asking Price171 Homes
Insight
If you're buying a home in Cathedral City-Palm Desert, you may be able to get a good deal. 69% of homes here sold below asking price last month.
Summary: A total of 248 homes were sold or pending in Cathedral City-Palm Desert in December 2024, up by 24.0% month-over-month. Of the 248 sold homes, 69% were sold under asking, 23% were sold at asking, and and 8% 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 Days94 Homes
30 – 90 Days93 Homes
Over 90 Days61 Homes
Insight
Many homes in Cathedral City-Palm Desert are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 248 homes were sold in Cathedral City-Palm Desert; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearDec 2024 | ||
| 55 Days1 year agoDec 2023 | +8.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Cathedral City-Palm Desert had an average listing age of 59 days in Dec 2024, up by 8.0% 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?
New - 2 hours on Rocket
$4,738 Closing Credit¹
Richard MacMillan, Listing Office: HomeSmart
New - 2 hours on Rocket
$5,344 Closing Credit¹
Mary Anne Towne, Listing Office: Berkshire Hathaway HomeService
New - 2 hours on Rocket
$5,807 Closing Credit¹
Mary Anne Towne, Listing Office: Berkshire Hathaway HomeService
New - 3 hours on Rocket
$10,000 Closing Credit¹
Encore Premier Group, Listing Office: Bennion Deville Homes
New - 3 hours on Rocket
$3,194 Closing Credit¹
Jane Comelli, Listing Office: Bennion Deville Homes
New - 4 hours on Rocket
$10,000 Closing Credit¹
Chris Brown, Listing Office: TRI Pointe Homes, Inc
New - 4 hours on Rocket
$9,441 Closing Credit¹
Barbara Burnell, Listing Office: Coldwell Banker Realty
New - 4 hours on Rocket
$10,000 Closing Credit¹
P S Properties, Listing Office: Bennion Deville Homes
New - 5 hours on Rocket
$6,768 Closing Credit¹
Keith Blomgren, Listing Office: Bennion Deville Homes
New - 5 hours on Rocket
$8,894 Closing Credit¹
Jimmy Thach, Listing Office: Seal Real Estate
New - 5 hours on Rocket
$8,609 Closing Credit¹
Debbie Behlman, Listing Office: Equity Union
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Greater Antelope Valley MLS for the period 01/01/2023 - 01/01/2025
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: 1/17/2025, 10:20:58 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: 1/17/2025, 10:16:12 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: 1/17/2025, 10:16:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.