The Munselle Group's Market Report
Palm Desert, CA 92260
Single-Family Homes
Compass | www.themunsellegroup.com| 760-772-2411
Palm Desert, CA 92260
Tue Jan 28 2025
This week the median list price for Palm Desert, CA 92260 is $999,997 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has increased to 140.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $999,997 | |
| Median Price of New Listings | $935,000 | |
| Per Square Foot | $490 | |
| Average Days on Market | 104 | |
| Median Days on Market | 70 | |
| Price Decreased | 36% | |
| Price Increased | 1% | |
| Relisted | 14% | |
| Inventory | 140 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $3,345,000 | 3,604 | 0.25 - 0.5 acre | 4 | 4 | 25 | 5 | 4 | 91 |
| $1,325,000 | 2,699 | 0.25 - 0.5 acre | 3 | 3 | 50 | 2 | 3 | 70 |
| $895,000 | 2,022 | 8,000 - 10,000 sqft | 3 | 2 | 48 | 8 | 4 | 70 |
| $639,000 | 1,545 | 6,500 - 8,000 sqft | 3 | 2 | 46 | 4 | 2 | 63 |