The Drummond Team's Market Report

Palm Springs, CA 92264

Single-Family Homes

The Agency | www.thedrummondteam.com | 760-772-2411


Palm Springs, CA 92264

Mon Aug 03 2026
This week the median list price for Palm Springs, CA 92264 is $1,399,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 83. 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

Market Narrative

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

Mon Aug 03 2026
This week the median list price for Palm Springs, CA 92264 is $1,399,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 83. 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

Market Narrative

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 $1,399,000
Median Price of New Listings $807,730
Per Square Foot $639
Average Days on Market 145
Median Days on Market 126
Price Decreased 39%
Price Increased 0%
Relisted 17%
Inventory 83
Median Rent
Market Action 37
Slight Seller's Advantage

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$2,800,000 3,527 0.25 - 0.5 acre 4 4 48 0 1 147
$1,780,000 2,490 0.25 - 0.5 acre 4 3 63 0 1 105
$1,149,200 1,773 0.25 - 0.5 acre 3 2 49 0 1 91
$749,500 1,711 6,500 - 8,000 sqft 3 2 65 2 5 126