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Palm Springs, CA 92262

Single-Family Homes

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Palm Springs, CA 92262

Tue Jul 16 2024
This week the median list price for Palm Springs, CA 92262 is $1,149,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased to 241. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Palm Springs, CA 92262

Tue Jul 16 2024
This week the median list price for Palm Springs, CA 92262 is $1,149,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has decreased to 241. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,149,000
Median Price of New Listings $849,000
Per Square Foot $593
Average Days on Market 109
Median Days on Market 70
Price Decreased 53%
Price Increased 3%
Relisted 15%
Inventory 241
Median Rent
Market Action 29
Slight Buyer'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
$2,624,500 3,157 0.25 - 0.5 acre 4 4 34 2 4 91
$1,299,950 2,061 0.25 - 0.5 acre 3 3 51 1 5 66
$999,000 1,759 0.25 - 0.5 acre 3 2 47 7 5 63
$744,400 1,518 8,000 - 10,000 sqft 3 2 41 12 6 63