The Munselle Group

Palm Springs, CA 92264

Condos/Townhomes

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 $463,000 with the market action index hovering around 85. This is less than last month's market action index of 86. Inventory has increased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palm Springs, CA 92264

Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92264 is $463,000 with the market action index hovering around 85. This is less than last month's market action index of 86. Inventory has increased to 35. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $463,000
Median Price of New Listings $474,500
Per Square Foot $330
Average Days on Market 27
Median Days on Market 14
Price Decreased 9%
Price Increased 0%
Relisted 9%
Inventory 35
Median Rent $2,299
Market Action 85
Strong Seller's Market

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
$892,876 2,211 0 - 4,500 sqft 2 2 46 2 1 17
$544,000 1,616 0 - 4,500 sqft 2 2 48 2 2 7
$399,000 1,300 0 - 4,500 sqft 3 2 47 2 1 14
$299,000 1,000 0 - 4,500 sqft 2 2 44 2 5 14