The Munselle Group

Palm Springs, CA 92264

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92264 is $1,450,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 38. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palm Springs, CA 92264

Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92264 is $1,450,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 38. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,450,000
Median Price of New Listings $1,429,000
Per Square Foot $600
Average Days on Market 51
Median Days on Market 39
Price Decreased 32%
Price Increased 0%
Relisted 8%
Inventory 38
Median Rent $7,000
Market Action 51
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$3,495,000 4,542 0.25 - 0.5 acre 4 1 17 2 1 42
$1,749,000 3,177 0.25 - 0.5 acre 3 4 30 1 1 77
$1,300,000 2,336 0.25 - 0.5 acre 3 2 43 3 4 7
$862,000 2,140 0.25 - 0.5 acre 3 2 53 1 3 35