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 Nov 21 2024
This week the median list price for Palm Desert, CA 92211 is $659,450 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 164. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Nov 21 2024
This week the median list price for Palm Desert, CA 92211 is $659,450 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 164. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $659,450
Median Price of New Listings $599,900
Per Square Foot $339
Average Days on Market 76
Median Days on Market 49
Price Decreased 37%
Price Increased 1%
Relisted 13%
Inventory 164
Median Rent
Market Action 37
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
$1,099,000 2,639 8,000 - 10,000 sqft 4 3 23 6 2 49
$749,900 2,353 8,000 - 10,000 sqft 3 2.5 25 3 4 56
$599,900 1,930 6,500 - 8,000 sqft 3 2 25 4 3 42
$479,000 1,400 4,500 - 6,500 sqft 2 2 31 8 4 42