Market Report from Cathi Walter

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Sun Feb 09 2025
This week the median list price for Palm Springs, CA is $1,195,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 419. 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 Buyer's Advantage

Market Narrative

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Palm Springs, CA

Sun Feb 09 2025
This week the median list price for Palm Springs, CA is $1,195,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 419. 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 Buyer's Advantage

Market Narrative

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,195,000
Median Price of New Listings $1,100,000
Per Square Foot $610
Average Days on Market 121
Median Days on Market 91
Price Decreased 40%
Price Increased 5%
Relisted 20%
Inventory 419
Median Rent
Market Action 28
Slight Buyer'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
$2,599,000 3,110 0.25 - 0.5 acre 4 3.5 60 9 2 84
$1,398,000 2,318 0.25 - 0.5 acre 3 2.5 39 10 9 84
$999,000 1,723 0.25 - 0.5 acre 3 2 52 11 7 84
$749,000 1,584 6,500 - 8,000 sqft 3 2 44 11 5 105