The Munselle Group's Market Report

Palm Desert, CA 92260

Condos/Townhomes

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


Palm Desert, CA 92260

Wed Jan 22 2025
This week the median list price for Palm Desert, CA 92260 is $561,995 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 138. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Palm Desert, CA 92260

Wed Jan 22 2025
This week the median list price for Palm Desert, CA 92260 is $561,995 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 138. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $561,995
Median Price of New Listings $597,500
Per Square Foot $355
Average Days on Market 98
Median Days on Market 63
Price Decreased 28%
Price Increased 1%
Relisted 15%
Inventory 138
Median Rent
Market Action 31
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$920,000 1,994 0 - 4,500 sqft 3 2 48 4 1 59
$657,500 1,797 0 - 4,500 sqft 3 2 45 3 7 63
$489,000 1,457 0 - 4,500 sqft 2 2 46 3 3 63
$349,500 1,170 0 - 4,500 sqft 2 1.5 51 2 5 70