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.
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
| 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 |