Vine Property Group Market Report

Palm Desert, CA 92260

Single-Family Homes

Julie and Patrick Essig |760.989.7034 | julie@vinepropertygroup.com



Palm Desert, CA 92260

Wed Oct 09 2024
This week the median list price for Palm Desert, CA 92260 is $971,750 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 96. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palm Desert, CA 92260

Wed Oct 09 2024
This week the median list price for Palm Desert, CA 92260 is $971,750 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 96. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $971,750
Median Price of New Listings $700,000
Per Square Foot $473
Average Days on Market 103
Median Days on Market 60
Price Decreased 36%
Price Increased 1%
Relisted 15%
Inventory 96
Median Rent
Market Action 34
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
$2,797,000 4,107 0.25 - 0.5 acre 4 4 25 2 0 105
$1,224,500 2,589 0.25 - 0.5 acre 3 3 37 0 1 56
$797,000 1,880 8,000 - 10,000 sqft 3 2 44 2 1 77
$637,000 1,591 8,000 - 10,000 sqft 3 2 45 5 0 35