The Munselle Group

Palm Springs, CA 92264

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Mon Nov 23 2020
This week the median list price for Palm Springs, CA 92264 is $289,450 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 92. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Springs, CA 92264

Mon Nov 23 2020
This week the median list price for Palm Springs, CA 92264 is $289,450 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 92. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $289,450
Per Square Foot $232
Days on Market 73
Price Decreased 27%
Price Increased 0%
Relisted 5%
Inventory 92
Median Rent $1,998
Most Expensive $797,000
Least Expensive $138,000
Market Action 48
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$599,000 1,957 0 - 4,500 sqft 2 2 40 4 0 74
$329,900 1,257 0 - 4,500 sqft 2 2 40 2 7 84
$249,985 1,170 0 - 4,500 sqft 2 2 41 4 5 54
$185,900 885 0 - 4,500 sqft 2 2 42 4 4 79