What's Happening in Your Area?

Palm Springs, CA

Condos/Townhomes

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Palm Springs, CA

Sun Aug 01 2021
This week the median list price for Palm Springs, CA is $343,500 with the market action index hovering around 91. This is less than last month's market action index of 93. Inventory has held steady at or around 54. 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.

Strong Seller's Market

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

Sun Aug 01 2021
This week the median list price for Palm Springs, CA is $343,500 with the market action index hovering around 91. This is less than last month's market action index of 93. Inventory has held steady at or around 54. 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.

Strong Seller's Market

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 $343,500
Median Price of New Listings $329,900
Per Square Foot $296
Average Days on Market 24
Median Days on Market 7
Price Decreased 15%
Price Increased 11%
Relisted 7%
Inventory 54
Median Rent $2,200
Market Action 91
Strong Seller's Market

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
$575,000 1,596 0 - 4,500 sqft 2 2 42 4 5 7
$430,000 1,306 0 - 4,500 sqft 2 2 36 6 3 7
$282,000 1,073 0 - 4,500 sqft 2 2 43 9 8 0
$167,450 713 0 - 4,500 sqft 1 1 39 4 3 38