The Munselle Group's Market Report

Palm Desert, CA 92211

Condos/Townhomes

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


Palm Desert, CA 92211

Thu Apr 25 2024
This week the median list price for Palm Desert, CA 92211 is $499,900 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 125. 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

The market has started cooling and prices have been flat for several weeks. 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 Desert, CA 92211

Thu Apr 25 2024
This week the median list price for Palm Desert, CA 92211 is $499,900 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 125. 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

The market has started cooling and prices have been flat for several weeks. 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 Desert market.
Median List Price $499,900
Median Price of New Listings $525,000
Per Square Foot $335
Average Days on Market 64
Median Days on Market 49
Price Decreased 33%
Price Increased 1%
Relisted 13%
Inventory 125
Median Rent
Market Action 36
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
$795,000 2,182 0 - 4,500 sqft 3 3 35 6 3 42
$535,000 1,814 0 - 4,500 sqft 3 2.5 36 3 4 35
$459,000 1,384 0 - 4,500 sqft 2 2 36 4 1 42
$395,450 1,158 0 - 4,500 sqft 2 2 39 2 3 56