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

Thu Feb 29 2024
This week the median list price for Palm Springs, CA is $1,325,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 324. Click here to stay informed with the Palm Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Springs, CA

Thu Feb 29 2024
This week the median list price for Palm Springs, CA is $1,325,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has increased to 324. Click here to stay informed with the Palm Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,325,000
Median Price of New Listings $1,495,000
Per Square Foot $649
Average Days on Market 108
Median Days on Market 84
Price Decreased 42%
Price Increased 2%
Relisted 21%
Inventory 324
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,850,000 3,351 0.25 - 0.5 acre 4 3.5 51 16 7 105
$1,495,000 2,364 0.25 - 0.5 acre 3 3 43 14 3 42
$1,130,000 1,894 0.25 - 0.5 acre 3 2 56 9 4 91
$800,000 1,565 8,000 - 10,000 sqft 3 2 44 13 10 63