Justin Tye

Palm Springs, CA

Single-Family Homes

Active Realty I REAL



Palm Springs, CA

Thu Jun 20 2024
This week the median list price for Palm Springs, CA is $1,285,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 357. 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

Thu Jun 20 2024
This week the median list price for Palm Springs, CA is $1,285,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 357. 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 $1,285,000
Median Price of New Listings $1,395,000
Per Square Foot $639
Average Days on Market 104
Median Days on Market 63
Price Decreased 52%
Price Increased 3%
Relisted 15%
Inventory 357
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
$2,795,000 3,321 0.25 - 0.5 acre 4 4 50 9 7 84
$1,500,000 2,256 0.25 - 0.5 acre 3 3 46 8 7 63
$1,120,000 1,792 0.25 - 0.5 acre 3 2 52 8 10 49
$759,000 1,584 8,000 - 10,000 sqft 3 2 45 7 7 77