Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Mon Jan 17 2022
This week the median list price for Palm Springs, CA is $1,395,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has decreased to 83. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Palm Springs, CA

Mon Jan 17 2022
This week the median list price for Palm Springs, CA is $1,395,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has decreased to 83. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,395,000
Median Price of New Listings $1,175,000
Per Square Foot $610
Average Days on Market 83
Median Days on Market 42
Price Decreased 19%
Price Increased 2%
Relisted 8%
Inventory 83
Median Rent $5,500
Market Action 57
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$3,322,500 3,965 0.25 - 0.5 acre 4 4 50 1 0 59
$1,695,000 2,697 0.25 - 0.5 acre 3 3 58 8 3 56
$1,175,000 2,068 0.25 - 0.5 acre 3 2.5 22 7 9 35
$749,500 1,917 6,500 - 8,000 sqft 3 2.5 18 7 7 21