The Munselle Group's Market Report

Palm Desert, CA 92211

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411


Palm Desert, CA 92211

Wed May 28 2025
This week the median list price for Palm Desert, CA 92211 is $499,925 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 210. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Palm Desert, CA 92211

Wed May 28 2025
This week the median list price for Palm Desert, CA 92211 is $499,925 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 210. 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 Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $499,925
Median Price of New Listings $472,500
Per Square Foot $340
Average Days on Market 108
Median Days on Market 56
Price Decreased 44%
Price Increased 0%
Relisted 16%
Inventory 210
Median Rent
Market Action 29
Slight Buyer's Advantage

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
$771,500 2,182 0 - 4,500 sqft 3 2.5 36 2 2 84
$550,000 1,746 0 - 4,500 sqft 2 2 37 2 1 56
$449,000 1,368 0 - 4,500 sqft 2 2 37 2 4 63
$379,000 1,177 0 - 4,500 sqft 2 2 38 3 1 42