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Palm Springs, CA 92262

Single-Family Homes

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Palm Springs, CA 92262

Thu Sep 19 2024
This week the median list price for Palm Springs, CA 92262 is $1,098,500 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 198. 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

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 92262

Thu Sep 19 2024
This week the median list price for Palm Springs, CA 92262 is $1,098,500 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 198. 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

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 $1,098,500
Median Price of New Listings $1,114,500
Per Square Foot $570
Average Days on Market 119
Median Days on Market 91
Price Decreased 46%
Price Increased 4%
Relisted 21%
Inventory 198
Median Rent
Market Action 32
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
$2,250,000 2,900 0.25 - 0.5 acre 4 3.5 34 0 2 119
$1,199,000 1,995 0.25 - 0.5 acre 3 2 54 6 5 105
$949,950 1,620 0.25 - 0.5 acre 3 2 46 3 3 59
$675,000 1,584 6,500 - 8,000 sqft 3 2 40 3 6 70