The Munselle Group's Market Report
Palm Springs, CA 92264
Condos/Townhomes
Compass | www.themunsellegroup.com| 760-772-2411
Palm Springs, CA 92264
Fri May 03 2024
This week the median list price for Palm Springs, CA 92264 is $469,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 159.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $469,900 | |
| Median Price of New Listings | $499,000 | |
| Per Square Foot | $382 | |
| Average Days on Market | 83 | |
| Median Days on Market | 49 | |
| Price Decreased | 38% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 159 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller'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 |
|---|---|---|---|---|---|---|---|---|
| $949,000 | 1,868 | 0 - 4,500 sqft | 2 | 2.5 | 54 | 1 | 2 | 63 |
| $572,000 | 1,583 | 0 - 4,500 sqft | 2 | 2 | 50 | 8 | 4 | 49 |
| $422,500 | 1,175 | 0 - 4,500 sqft | 2 | 2 | 45 | 3 | 2 | 56 |
| $294,750 | 794 | 0 - 4,500 sqft | 1 | 1.5 | 47 | 5 | 5 | 42 |