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

Sun May 29 2022
This week the median list price for Palm Springs, CA is $1,497,000 with the market action index hovering around 63. This is less than last month's market action index of 70. Inventory has increased to 146. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Springs, CA

Sun May 29 2022
This week the median list price for Palm Springs, CA is $1,497,000 with the market action index hovering around 63. This is less than last month's market action index of 70. Inventory has increased to 146. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Springs market.
Median List Price $1,497,000
Median Price of New Listings $1,200,000
Per Square Foot $719
Average Days on Market 40
Median Days on Market 21
Price Decreased 25%
Price Increased 5%
Relisted 8%
Inventory 146
Median Rent
Market Action 63
Strong Seller's Market

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
$3,945,000 4,131 0.25 - 0.5 acre 4 4 50 1 0 45
$1,897,000 2,418 0.25 - 0.5 acre 3 3 53 6 4 14
$1,299,000 2,031 0.25 - 0.5 acre 3 2.5 44 11 4 7
$874,000 1,630 8,000 - 10,000 sqft 3 2 41 10 11 14