Kevin Stern / Town Real Estate

Palm Desert, CA

Single-Family Homes

www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548



Palm Desert, CA

Sat Feb 04 2023
This week the median list price for Palm Desert, CA is $759,750 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 232. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Palm Desert, CA

Sat Feb 04 2023
This week the median list price for Palm Desert, CA is $759,750 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 232. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $759,750
Median Price of New Listings $905,900
Per Square Foot $366
Average Days on Market 78
Median Days on Market 70
Price Decreased 48%
Price Increased 2%
Relisted 17%
Inventory 232
Median Rent
Market Action 35
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
$1,572,000 3,038 0.25 - 0.5 acre 4 3.5 30 9 3 70
$902,950 2,508 0.25 - 0.5 acre 3 3 28 11 11 73
$659,497 1,894 6,500 - 8,000 sqft 3 2.5 25 7 8 70
$499,244 1,701 4,500 - 6,500 sqft 2 2 26 2 11 63