The Munselle Group's Market Report

Palm Desert, CA 92211

Single-Family Homes

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


Palm Desert, CA 92211

Thu Apr 18 2024
This week the median list price for Palm Desert, CA 92211 is $707,499 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 170. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palm Desert, CA 92211

Thu Apr 18 2024
This week the median list price for Palm Desert, CA 92211 is $707,499 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 170. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $707,499
Median Price of New Listings $650,000
Per Square Foot $342
Average Days on Market 74
Median Days on Market 49
Price Decreased 43%
Price Increased 2%
Relisted 15%
Inventory 170
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,062,500 2,858 8,000 - 10,000 sqft 4 3.5 23 2 2 63
$770,610 2,347 8,000 - 10,000 sqft 3 3 25 10 2 45
$643,500 2,029 6,500 - 8,000 sqft 3 2.5 27 8 6 35
$479,000 1,441 4,500 - 6,500 sqft 2 2 31 7 3 35