Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Wed Sep 22 2021
This week the median list price for Palm Springs, CA is $1,190,000 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has held steady at or around 104. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Sep 22 2021
This week the median list price for Palm Springs, CA is $1,190,000 with the market action index hovering around 66. This is less than last month's market action index of 68. Inventory has held steady at or around 104. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,190,000
Median Price of New Listings $949,000
Per Square Foot $523
Average Days on Market 55
Median Days on Market 25
Price Decreased 21%
Price Increased 4%
Relisted 10%
Inventory 104
Median Rent $4,500
Market Action 66
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$2,995,000 3,914 0.25 - 0.5 acre 4 3 36 2 2 31
$1,337,000 2,192 0.25 - 0.5 acre 3 3 43 5 4 24
$986,500 1,993 0.25 - 0.5 acre 3 2 53 8 7 24
$517,000 1,900 6,500 - 8,000 sqft 3 2 30 5 8 17