The Munselle Group's Market Report

Palm Springs, CA 92264

Single-Family Homes

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


Palm Springs, CA 92264

Tue Jan 28 2025
This week the median list price for Palm Springs, CA 92264 is $1,592,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 118. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Palm Springs, CA 92264

Tue Jan 28 2025
This week the median list price for Palm Springs, CA 92264 is $1,592,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 118. 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

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,592,000
Median Price of New Listings $2,249,000
Per Square Foot $712
Average Days on Market 115
Median Days on Market 81
Price Decreased 40%
Price Increased 4%
Relisted 22%
Inventory 118
Median Rent
Market Action 28
Slight Buyer'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
$2,995,000 3,510 0.25 - 0.5 acre 4 3.5 39 4 2 77
$1,925,000 2,468 0.25 - 0.5 acre 4 3 61 4 4 91
$1,297,000 1,941 0.25 - 0.5 acre 3 2.3 52 1 2 80
$872,450 1,500 6,500 - 8,000 sqft 3 2 66 2 3 80