Cathedral City Housing Market Report – May 2026
Here's a look at how the Cathedral City, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 80
- Median Sale Price: $328,250
- Average Sale Price: $382,609
- Average Price Per Sq Ft: $237
- Average Days on Market: 123
- Sale-to-List Price Ratio: 95.5%
Month-Over-Month Trends
Compared to April, the median sale price in Cathedral City moved 8.8% down (from $360,000 to $328,250). The number of homes sold was 1.2% down compared to the prior month (81 vs. 80). Average days on market shifted 20.6% up (102 days to 123 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.2% down (from $350,000 to $328,250). Sales volume is 6.7% up year-over-year.
What This Means
Cathedral City's real estate market is showing signs of cooling as we head into the summer months. The median price dipped 8.8% month-over-month to $328,250, continuing a downward trend that's also visible in the year-over-year decline of 6.2%. More telling than the price drops is the rising inventory and extended selling timeline. Homes are now sitting on the market for an average of 123 days, up nearly 21% from April, suggesting buyers are taking their time and sellers are facing increased competition. With 569 active listings available, this is clearly a buyer's market compared to the tight conditions of recent years.
The sale-to-list price ratio of 95.5% confirms what the DOM numbers suggest: buyers have regained negotiating power. Sellers are accepting offers slightly below asking price, and homes are taking longer to move. The gap between the median sale price ($328,250) and average ($382,609) indicates a wide range of property values, particularly given the diverse mix of single-family homes, mobile homes, and land parcels in the inventory.
For buyers, this represents a genuine opportunity to be selective and negotiate. For sellers, the message is clear: pricing competitively and preparing homes well will be essential to standing out in an increasingly crowded marketplace.
Cathedral City Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92234 | 80 | $328,250 | $237 | 123 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 36 | $562,500 | $309 |
| MOBILE | 16 | $59,000 | $77 |
| CONDOS | 11 | $299,900 | $216 |
| LAND | 9 | $135,000 | N/A |
| OTHER | 4 | $72,750 | N/A |
| MULTI_FAMILY | 3 | $912,000 | $258 |
| CONDO | 1 | $320,000 | $264 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 16 |
| $100K - $199K | 12 |
| $200K - $299K | 7 |
| $300K - $399K | 10 |
| $400K - $499K | 8 |
| $500K - $749K | 20 |
| $750K+ | 7 |
Current Active Listings
As of this report, there are 569 active listings in Cathedral City with a median asking price of $294,900 and an average of 141 days on market.
Thinking About Selling Your Cathedral City Home?
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