Market Report from Cathi Walter
Palm Springs, CA
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
Palm Springs, CA
Tue Aug 04 2026
This week the median list price for Palm Springs, CA is $1,095,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 327.
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 been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $1,095,000 | |
| Median Price of New Listings | $857,730 | |
| Per Square Foot | $555 | |
| Average Days on Market | 149 | |
| Median Days on Market | 112 | |
| Price Decreased | 34% | |
| Price Increased | 1% | |
| Relisted | 12% | |
| Inventory | 327 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $2,324,500 | 3,093 | 0.25 - 0.5 acre | 4 | 4 | 55 | 0 | 2 | 126 |
| $1,214,500 | 2,199 | 0.25 - 0.5 acre | 3 | 2.8 | 27 | 3 | 4 | 94 |
| $899,450 | 1,744 | 0.25 - 0.5 acre | 3 | 2 | 49 | 5 | 5 | 119 |
| $650,000 | 1,584 | 6,500 - 8,000 sqft | 3 | 2 | 46 | 4 | 6 | 119 |