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 14 2025
This week the median list price for Palm Desert, CA 92260 is $1,087,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 124.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,087,500 | |
| Median Price of New Listings | $949,000 | |
| Per Square Foot | $490 | |
| Average Days on Market | 108 | |
| Median Days on Market | 70 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 11% | |
| Inventory | 124 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,200,000 | 3,640 | 0.25 - 0.5 acre | 4 | 4 | 24 | 1 | 3 | 91 |
| $1,320,000 | 2,774 | 0.25 - 0.5 acre | 3 | 2.5 | 50 | 3 | 2 | 63 |
| $895,000 | 2,022 | 8,000 - 10,000 sqft | 3 | 2 | 48 | 7 | 5 | 63 |
| $639,000 | 1,545 | 6,500 - 8,000 sqft | 3 | 2 | 47 | 2 | 2 | 77 |