The Munselle Group's Market Report

Palm Springs, CA 92264

Single-Family Homes

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



Palm Springs, CA 92264

Tue Mar 19 2024
This week the median list price for Palm Springs, CA 92264 is $1,625,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 111. 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

The market has started cooling and prices have been flat for several weeks. 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 Mar 19 2024
This week the median list price for Palm Springs, CA 92264 is $1,625,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 111. 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

The market has started cooling and prices have been flat for several weeks. 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 $1,625,000
Median Price of New Listings $1,443,900
Per Square Foot $692
Average Days on Market 127
Median Days on Market 77
Price Decreased 43%
Price Increased 1%
Relisted 21%
Inventory 111
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$3,150,000 3,976 0.25 - 0.5 acre 4 4 36 2 4 140
$1,911,500 2,388 0.25 - 0.5 acre 3 3 59 2 2 56
$1,349,000 2,249 0.25 - 0.5 acre 3 2.5 57 3 1 49
$849,450 1,498 8,000 - 10,000 sqft 3 2 63 3 4 108