Indian Wells Real Estate Listings & Homes for Sale

In December 2024, Indian Wells home prices saw a significant 20.7% decline compared to the previous year, with the median sale price dropping to $1.2 million. Despite this price reduction, the market showed signs of increased activity, as homes sold faster, spending an average of 46 days on the market—a notable improvement from 73 days last year. Additionally, sales volume increased, with 18 homes sold in December, up from 14 the previous year, suggesting that lower prices may be attracting more buyers to the Indian Wells market.

The Indian Wells housing market remains relatively slow-paced, with homes typically selling in 79 days and multiple offers being rare. On average, homes sell for about 4% below the list price before going pending in approximately 79 days. However, high-demand properties, or hot homes, tend to move faster, often going pending in around 34 days and selling closer to the list price, indicating that well-priced or highly desirable homes can still attract strong interest.

As of December 2024, Indian Wells, CA is experiencing a buyer’s market, meaning the supply of homes exceeds buyer demand. This market condition gives buyers more leverage, often leading to price reductions, extended time on the market, and increased negotiating power, making it an opportune time for those looking to purchase property in the area at a potentially lower price.