Market Report from Cathi Walter

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Fri Dec 01 2023
This week the median list price for Palm Springs, CA is $1,284,450 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has increased to 326. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Palm Springs, CA

Fri Dec 01 2023
This week the median list price for Palm Springs, CA is $1,284,450 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has increased to 326. 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 Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,284,450
Median Price of New Listings $999,000
Per Square Foot $651
Average Days on Market 96
Median Days on Market 49
Price Decreased 42%
Price Increased 1%
Relisted 14%
Inventory 326
Median Rent
Market Action 30
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,850,000 3,198 0.25 - 0.5 acre 4 3.5 46 4 6 63
$1,495,000 2,286 0.25 - 0.5 acre 3 2.5 40 5 6 49
$1,112,500 1,800 0.25 - 0.5 acre 3 2 46 5 6 52
$747,000 1,584 8,000 - 10,000 sqft 3 2 45 13 8 49