Market Report

Palm Springs, CA

Single-Family Homes

Chartwell Escrow



Palm Springs, CA

Thu Dec 05 2024
This week the median list price for Palm Springs, CA is $1,207,500 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 384. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Palm Springs, CA

Thu Dec 05 2024
This week the median list price for Palm Springs, CA is $1,207,500 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 384. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,207,500
Median Price of New Listings $1,460,000
Per Square Foot $604
Average Days on Market 115
Median Days on Market 70
Price Decreased 43%
Price Increased 2%
Relisted 18%
Inventory 384
Median Rent
Market Action 28
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,590,000 3,060 0.25 - 0.5 acre 4 3.5 51 10 8 49
$1,416,499 2,377 0.25 - 0.5 acre 3 2.5 45 7 4 80
$1,049,000 1,809 0.25 - 0.5 acre 3 2 57 3 6 77
$725,000 1,498 8,000 - 10,000 sqft 3 2 44 10 11 73