Palm Springs, CA 92264

The Munselle Group's Market Report

Palm Springs, CA 92264

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411

Fri Apr 24 2026
This week the median list price for Palm Springs, CA 92264 is $450,000 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has increased to 192. Click here to stay informed with the Palm Springs market!

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Median List Price		$450,000
Median Price of New Listings		$479,500
Per Square Foot		$344
Average Days on Market		115
Median Days on Market		63
Price Decreased		38%
Price Increased		2%
Relisted		18%
Inventory		192
Median Rent
Market Action		50
Strong Seller's Market

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$897,000	1,841	0 - 4,500 sqft	2	2	55	2	6	56
$517,000	1,452	-	2	2	49	5	6	66
$392,500	1,326	0 - 4,500 sqft	2	2	52	3	8	56
$287,000	840	-	1	1	48	2	4	77

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$897,000	1,841	0 - 4,500 sqft	2	2	55	2	6	56
$517,000	1,452	-	2	2	49	5	6	66
$392,500	1,326	0 - 4,500 sqft	2	2	52	3	8	56
$287,000	840	-	1	1	48	2	4	77

Median Price	Top $897,000	Upper $517,000	Lower $392,500	Bottom $287,000
Sq. Ft.	1,841	1,452	1,326	840
Lot Size	0 - 4,500 sqft	-	0 - 4,500 sqft	-
Beds	2	2	2	1
Baths	2	2	2	1
Age	55	49	52	48
New	2	5	3	2
Absorbed	6	6	8	4
DOM	56	66	56	77

The Munselle Group's Market Report