The Munselle Group's Market Report

Palm Desert, CA 92211

Condos/Townhomes

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


Palm Desert, CA 92211

Wed May 08 2024
This week the median list price for Palm Desert, CA 92211 is $499,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 143. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Palm Desert, CA 92211

Wed May 08 2024
This week the median list price for Palm Desert, CA 92211 is $499,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 143. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $499,000
Median Price of New Listings $474,450
Per Square Foot $334
Average Days on Market 66
Median Days on Market 42
Price Decreased 33%
Price Increased 1%
Relisted 12%
Inventory 143
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
$799,000 2,182 0 - 4,500 sqft 3 2.5 35 4 2 42
$532,500 1,811 0 - 4,500 sqft 3 2.5 36 3 2 42
$449,000 1,372 0 - 4,500 sqft 2 2 36 3 3 38
$375,000 1,115 0 - 4,500 sqft 2 2 39 6 1 49