Market Report

Palm Springs, CA

Single-Family Homes

Chartwell Escrow



Palm Springs, CA

Thu Mar 28 2024
This week the median list price for Palm Springs, CA is $1,306,450 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 298. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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.

Palm Springs, CA

Thu Mar 28 2024
This week the median list price for Palm Springs, CA is $1,306,450 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 298. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Never miss important changes in the Palm Springs market.
Median List Price $1,306,450
Median Price of New Listings $1,100,000
Per Square Foot $651
Average Days on Market 119
Median Days on Market 70
Price Decreased 45%
Price Increased 1%
Relisted 20%
Inventory 298
Median Rent
Market Action 34
Slight Seller'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
$2,985,000 3,529 0.25 - 0.5 acre 4 4 50 1 7 119
$1,547,450 2,296 0.25 - 0.5 acre 3 3 44 7 10 59
$1,150,000 1,894 0.25 - 0.5 acre 3 2 51 7 10 70
$796,900 1,457 6,500 - 8,000 sqft 3 2 43 6 15 77