Your Current Local Market Report

Palm Springs, CA

Single-Family Homes

Kevin Wahlstrom 760.250.8486| Mary O'Malley Hernandez 760.521.4623



Palm Springs, CA

Sun Jul 06 2025
This week the median list price for Palm Springs, CA is $1,024,195 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 420. Click here to stay informed with the Palm Springs 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 Springs, CA

Sun Jul 06 2025
This week the median list price for Palm Springs, CA is $1,024,195 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 420. Click here to stay informed with the Palm Springs 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 Springs market.
Median List Price $1,024,195
Median Price of New Listings $1,079,000
Per Square Foot $580
Average Days on Market 150
Median Days on Market 112
Price Decreased 35%
Price Increased 2%
Relisted 15%
Inventory 420
Median Rent
Market Action 30
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,250,000 3,162 0.25 - 0.5 acre 4 3.5 47 3 26 112
$1,295,000 2,131 0.25 - 0.5 acre 3 2.5 46 3 9 84
$909,900 1,672 0.25 - 0.5 acre 3 2 48 0 7 112
$675,000 1,458 6,500 - 8,000 sqft 3 2 45 5 16 126