This Week’s Market Overview
The median list price for Cathedral City, CA 92234 is $520,000, reflecting accessible value in this Coachella Valley community known for affordability, proximity to Palm Springs, and resort-style amenities. Inventory currently stands at approximately 510 active homes, promoting balanced conditions with expanded buyer choices and a more measured pace amid seasonal influences.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 33 (Balanced to Slight Buyer’s Advantage)
- Last Month’s MAI: 34
The MAI has softened slightly month-over-month, indicating deliberate buyer participation. Well-maintained homes, updated properties, and those in convenient locations continue to draw interest in the current environment.
Market Narrative
The 92234 market shows ongoing adjustment into early 2026. Median sale prices rest near $505,000, down about 6 percent year-over-year as buyers remain selective. Homes are averaging between 75 and 95 days on market with greater evaluation time. Move-in-ready residences or those with strong features generate reliable showings and closings, while properties needing updates or in more entry-level segments experience longer exposure, frequent price modifications, and enhanced negotiating opportunities for buyers.
Real-Time Market Profile
- Median List Price: $520,000
- Median Price of New Listings: $495,000
- Price per Square Foot: $297
- Average Days on Market: 88
- Median Days on Market: 75
- Price Decreased: 29% of listings
- Price Increased: 2% of listings
- Relisted Properties: 16%
- Inventory: 510 properties
- Median Rent: $3,200 / month
Market Segments
Cathedral City 92234 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $800,000+ | 2,500+ | 0.25 – 0.75 acre (larger lot) | 4–5+ | 3–5+ | 10–35 yrs | 2 | 1 | 90 |
| $500,000 to $800,000 | 1,800 to 2,500 | 0.15 – 0.4 acre | 3–4 | 2–4 | 15–40 yrs | 10 | 7 | 80 |
| $300,000 to $500,000 | 1,200 to 1,800 | Condo / Patio Home / Small lot | 2–3 | 2–3 | 20–50 yrs | 20 | 14 | 70 |
| Under $300,000 | 800 to 1,200 | Condo / Mobile / Townhome | 1–2 | 1–2 | 30–60 yrs | 12 | 8 | 65 |
Conclusion
Cathedral City 92234 continues to offer strong value within the Coachella Valley, with growing inventory providing buyers more options and flexibility. While activity has moderated and values reflect some caution, demand holds for well-positioned and quality homes. Sellers who focus on preparation and competitive pricing can achieve solid results in desirable segments, while buyers benefit from increased selection and enhanced negotiating leverage overall.
Contact Information
For personalized insights and exclusive opportunities in Cathedral City 92234, reach out to GrayWall Real Estate.
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