Kevin Stern / Town Real Estate
Palm Springs, CA
Single-Family Homes
www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548
Palm Springs, CA
Tue Nov 03 2026
This week the median list price for Palm Springs, CA is $1,145,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 374.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $1,145,000 | |
| Median Price of New Listings | $1,321,500 | |
| Per Square Foot | $566 | |
| Average Days on Market | 137 | |
| Median Days on Market | 91 | |
| Price Decreased | 29% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 374 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,344,000 | 3,282 | 0.25 - 0.5 acre | 4 | 4 | 49 | 10 | 5 | 42 |
| $1,295,000 | 2,241 | 0.25 - 0.5 acre | 3 | 3 | 47 | 7 | 6 | 70 |
| $949,000 | 1,684 | 0.25 - 0.5 acre | 3 | 2 | 50 | 1 | 4 | 129 |
| $649,999 | 1,570 | 6,500 - 8,000 sqft | 3 | 2 | 44 | 10 | 4 | 98 |