The Munselle Group's Market Report

Palm Desert, CA 92211

Single-Family Homes

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



Palm Desert, CA 92211

Tue Mar 19 2024
This week the median list price for Palm Desert, CA 92211 is $729,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 148. 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

Tue Mar 19 2024
This week the median list price for Palm Desert, CA 92211 is $729,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 148. 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 $729,000
Median Price of New Listings $629,000
Per Square Foot $349
Average Days on Market 80
Median Days on Market 49
Price Decreased 43%
Price Increased 2%
Relisted 12%
Inventory 148
Median Rent
Market Action 40
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
$1,249,000 3,078 0.25 - 0.5 acre 4 3.5 24 2 2 63
$835,000 2,422 8,000 - 10,000 sqft 3 3 25 3 4 42
$650,000 2,032 6,500 - 8,000 sqft 3 2.5 26 7 8 56
$479,500 1,444 4,500 - 6,500 sqft 2 2 26 5 9 42