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 Aug 09 2022
This week the median list price for Palm Springs, CA 92264 is $1,600,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 62. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palm Springs, CA 92264

Tue Aug 09 2022
This week the median list price for Palm Springs, CA 92264 is $1,600,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 62. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,600,000
Median Price of New Listings $1,425,000
Per Square Foot $712
Average Days on Market 52
Median Days on Market 35
Price Decreased 45%
Price Increased 3%
Relisted 13%
Inventory 62
Median Rent
Market Action 45
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,695,000 3,831 0.25 - 0.5 acre 4 3 42 0 2 70
$1,856,000 2,547 0.25 - 0.5 acre 3 3 56 1 3 28
$1,322,000 1,995 8,000 - 10,000 sqft 3 2.5 48 2 4 24
$967,000 1,453 6,500 - 8,000 sqft 3 2 65 1 1 35