The Munselle Group's Market Report

Palm Springs, CA 92264

Single-Family Homes

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


Palm Springs, CA 92264

Sat Mar 29 2025
This week the median list price for Palm Springs, CA 92264 is $1,499,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has increased to 158. 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

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Palm Springs, CA 92264

Sat Mar 29 2025
This week the median list price for Palm Springs, CA 92264 is $1,499,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has increased to 158. 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

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,499,000
Median Price of New Listings $1,447,000
Per Square Foot $629
Average Days on Market 115
Median Days on Market 84
Price Decreased 47%
Price Increased 3%
Relisted 16%
Inventory 158
Median Rent
Market Action 27
Slight Buyer's Advantage

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
$2,995,000 3,504 0.25 - 0.5 acre 4 3.5 39 3 1 77
$1,895,000 2,651 0.25 - 0.5 acre 3 3 49 2 3 63
$1,214,500 2,057 0.25 - 0.5 acre 3 3 61 4 0 66
$799,000 1,484 6,500 - 8,000 sqft 3 2 68 3 0 115