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 May 26 2024
This week the median list price for Palm Springs, CA is $1,250,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 355. 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

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 Springs, CA

Sun May 26 2024
This week the median list price for Palm Springs, CA is $1,250,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 355. 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

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 Springs market.
Median List Price $1,250,000
Median Price of New Listings $1,025,000
Per Square Foot $640
Average Days on Market 106
Median Days on Market 63
Price Decreased 50%
Price Increased 4%
Relisted 16%
Inventory 355
Median Rent
Market Action 31
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 3,342 0.25 - 0.5 acre 4 4 52 3 6 77
$1,499,000 2,164 0.25 - 0.5 acre 3 3 47 5 4 70
$1,099,000 1,792 0.25 - 0.5 acre 3 2 49 10 2 42
$779,000 1,475 6,500 - 8,000 sqft 3 2 44 7 9 77