The Munselle Group

Palm Springs, CA 92264

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Wed Aug 04 2021
This week the median list price for Palm Springs, CA 92264 is $1,472,500 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has increased to 36. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palm Springs, CA 92264

Wed Aug 04 2021
This week the median list price for Palm Springs, CA 92264 is $1,472,500 with the market action index hovering around 70. This is less than last month's market action index of 73. Inventory has increased to 36. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,472,500
Median Price of New Listings $839,000
Per Square Foot $590
Average Days on Market 31
Median Days on Market 7
Price Decreased 14%
Price Increased 3%
Relisted 6%
Inventory 36
Median Rent $7,500
Market Action 70
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$2,999,000 4,681 0.25 - 0.5 acre 5 3 36 1 1 14
$1,750,000 3,112 0.25 - 0.5 acre 4 3 27 2 2 14
$1,189,000 2,000 0.25 - 0.5 acre 3 3 57 2 0 21
$625,000 1,910 8,000 - 10,000 sqft 3 2 44 7 5 0