The Munselle Group's Market Report

Palm Desert, CA 92211

Condos/Townhomes

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Palm Desert, CA 92211

Thu Nov 21 2024
This week the median list price for Palm Desert, CA 92211 is $519,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 166. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Palm Desert, CA 92211

Thu Nov 21 2024
This week the median list price for Palm Desert, CA 92211 is $519,000 with the market action index hovering around 27. This is less than last month's market action index of 29. Inventory has increased to 166. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $519,000
Median Price of New Listings $645,000
Per Square Foot $352
Average Days on Market 100
Median Days on Market 56
Price Decreased 27%
Price Increased 0%
Relisted 12%
Inventory 166
Median Rent
Market Action 27
Slight Buyer'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
$869,000 2,182 0 - 4,500 sqft 3 3 34 9 3 35
$549,000 1,808 0 - 4,500 sqft 2 2 36 3 3 35
$479,950 1,368 0 - 4,500 sqft 2 2 36 4 4 94
$392,450 1,236 0 - 4,500 sqft 2 2 38 2 4 143