The Munselle Group's Market Report

Palm Desert, CA 92211

Single-Family Homes

Compass | www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92211

Thu Mar 28 2024
This week the median list price for Palm Desert, CA 92211 is $717,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 150. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Desert, CA 92211

Thu Mar 28 2024
This week the median list price for Palm Desert, CA 92211 is $717,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has decreased to 150. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $717,500
Median Price of New Listings $589,000
Per Square Foot $348
Average Days on Market 78
Median Days on Market 46
Price Decreased 44%
Price Increased 2%
Relisted 11%
Inventory 150
Median Rent
Market Action 39
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,229,000 2,982 0.25 - 0.5 acre 4 3.5 24 2 3 49
$799,900 2,422 8,000 - 10,000 sqft 3 3 24 4 3 49
$644,250 2,031 6,500 - 8,000 sqft 3 2.5 26 6 4 56
$484,250 1,446 4,500 - 6,500 sqft 2 2 26 9 9 38