Palm Desert, CA 92260

The Munselle Group's Market Report

Palm Desert, CA 92260

Single-Family Homes

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

Thu Nov 21 2024
This week the median list price for Palm Desert, CA 92260 is $1,150,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has increased to 133. Click here to stay informed with the Palm Desert market!

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

Slight Seller's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Median List Price		$1,150,000
Median Price of New Listings		$1,349,000
Per Square Foot		$489
Average Days on Market		93
Median Days on Market		49
Price Decreased		32%
Price Increased		1%
Relisted		11%
Inventory		133
Median Rent
Market Action		30
Slight Seller's Advantage

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

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$3,300,000	4,247	0.25 - 0.5 acre	4	4	22	4	1	70
$1,399,000	2,673	0.25 - 0.5 acre	3	2	49	7	2	35
$949,000	2,341	8,000 - 10,000 sqft	3	3	37	2	2	35
$699,000	1,708	8,000 - 10,000 sqft	3	2	48	2	2	49

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$3,300,000	4,247	0.25 - 0.5 acre	4	4	22	4	1	70
$1,399,000	2,673	0.25 - 0.5 acre	3	2	49	7	2	35
$949,000	2,341	8,000 - 10,000 sqft	3	3	37	2	2	35
$699,000	1,708	8,000 - 10,000 sqft	3	2	48	2	2	49

Median Price	Top $3,300,000	Upper $1,399,000	Lower $949,000	Bottom $699,000
Sq. Ft.	4,247	2,673	2,341	1,708
Lot Size	0.25 - 0.5 acre	0.25 - 0.5 acre	8,000 - 10,000 sqft	8,000 - 10,000 sqft
Beds	4	3	3	3
Baths	4	2	3	2
Age	22	49	37	48
New	4	7	2	2
Absorbed	1	2	2	2
DOM	70	35	35	49

The Munselle Group's Market Report