The Munselle Group's Market Report

Palm Springs, CA 92264

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411


Palm Springs, CA 92264

Tue Jul 01 2025
This week the median list price for Palm Springs, CA 92264 is $439,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 225. 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 started cooling and prices have recently plateaued. Since 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 Jul 01 2025
This week the median list price for Palm Springs, CA 92264 is $439,500 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 225. 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 started cooling and prices have recently plateaued. Since 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 $439,500
Median Price of New Listings $462,000
Per Square Foot $357
Average Days on Market 115
Median Days on Market 84
Price Decreased 40%
Price Increased 12%
Relisted 8%
Inventory 225
Median Rent
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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
$799,000 1,944 0 - 4,500 sqft 2 2 53 2 3 112
$499,437 1,500 0 - 4,500 sqft 2 2 49 3 1 66
$392,000 1,175 0 - 4,500 sqft 2 2 46 2 2 77
$288,900 797 0 - 4,500 sqft 1 1 47 1 2 77