The Munselle Group's Market Report

Palm Springs, CA 92264

Condos/Townhomes

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


Palm Springs, CA 92264

Wed May 28 2025
This week the median list price for Palm Springs, CA 92264 is $460,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 213. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Palm Springs, CA 92264

Wed May 28 2025
This week the median list price for Palm Springs, CA 92264 is $460,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has decreased to 213. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $460,000
Median Price of New Listings $429,000
Per Square Foot $359
Average Days on Market 94
Median Days on Market 56
Price Decreased 45%
Price Increased 0%
Relisted 8%
Inventory 213
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
$799,000 1,923 0 - 4,500 sqft 2 2 55 3 9 84
$524,900 1,542 0 - 4,500 sqft 2 2 48 0 2 42
$399,000 1,175 0 - 4,500 sqft 2 2 48 8 5 42
$299,450 810 0 - 4,500 sqft 1 1 47 5 7 56