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 Apr 14 2024
This week the median list price for Palm Springs, CA is $1,299,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 297. 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

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.

Palm Springs, CA

Sun Apr 14 2024
This week the median list price for Palm Springs, CA is $1,299,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 297. 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

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

Never miss important changes in the Palm Springs market.
Median List Price $1,299,000
Median Price of New Listings $1,188,800
Per Square Foot $643
Average Days on Market 118
Median Days on Market 77
Price Decreased 46%
Price Increased 2%
Relisted 20%
Inventory 297
Median Rent
Market Action 33
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
$2,872,500 3,622 0.25 - 0.5 acre 4 4 50 7 8 87
$1,498,500 2,375 0.25 - 0.5 acre 3 3 45 8 6 63
$1,100,000 1,794 0.25 - 0.5 acre 3 2 57 9 7 70
$795,000 1,457 8,000 - 10,000 sqft 3 2 46 9 6 84