The Munselle Group's Market Report

Palm Desert, CA 92211

Condos/Townhomes

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


Palm Desert, CA 92211

Sat Mar 29 2025
This week the median list price for Palm Desert, CA 92211 is $499,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 175. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Palm Desert, CA 92211

Sat Mar 29 2025
This week the median list price for Palm Desert, CA 92211 is $499,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has held steady at or around 175. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $499,000
Median Price of New Listings $496,000
Per Square Foot $343
Average Days on Market 119
Median Days on Market 98
Price Decreased 47%
Price Increased 0%
Relisted 18%
Inventory 175
Median Rent
Market Action 30
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
$829,000 2,182 0 - 4,500 sqft 3 2.5 36 2 4 112
$539,000 1,779 0 - 4,500 sqft 2 2.1 37 4 3 80
$459,950 1,348 0 - 4,500 sqft 2 2 37 2 2 101
$375,000 1,227 0 - 4,500 sqft 2 2 39 4 4 94