Market Report
Palm Springs, CA 92262
Single-Family Homes
Chartwell Escrow
Palm Springs, CA 92262
Thu Mar 23 2023
This week the median list price for Palm Springs, CA 92262 is $1,199,500 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 190.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,199,500 | |
| Median Price of New Listings | $1,276,500 | |
| Per Square Foot | $648 | |
| Average Days on Market | 103 | |
| Median Days on Market | 70 | |
| Price Decreased | 47% | |
| Price Increased | 3% | |
| Relisted | 16% | |
| Inventory | 190 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $2,600,000 | 2,924 | 0.25 - 0.5 acre | 4 | 3.5 | 51 | 2 | 1 | 84 |
| $1,395,000 | 2,152 | 0.25 - 0.5 acre | 3 | 3 | 34 | 6 | 3 | 42 |
| $1,100,000 | 1,813 | 0.25 - 0.5 acre | 3 | 2 | 46 | 2 | 6 | 70 |
| $767,450 | 1,524 | 8,000 - 10,000 sqft | 3 | 2 | 41 | 4 | 4 | 73 |