Market Report

Palm Springs, CA 92264

Single-Family Homes

Chartwell Escrow



Palm Springs, CA 92264

Fri Mar 29 2024
This week the median list price for Palm Springs, CA 92264 is $1,682,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 106. 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 has started cooling and prices have been flat for several weeks. Since 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 92264

Fri Mar 29 2024
This week the median list price for Palm Springs, CA 92264 is $1,682,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 106. 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 has started cooling and prices have been flat for several weeks. Since 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 $1,682,000
Median Price of New Listings $1,137,000
Per Square Foot $701
Average Days on Market 138
Median Days on Market 91
Price Decreased 43%
Price Increased 1%
Relisted 22%
Inventory 106
Median Rent
Market Action 33
Slight Seller's Advantage

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
$3,222,500 4,002 0.25 - 0.5 acre 4 4 34 0 0 140
$1,937,000 2,332 0.25 - 0.5 acre 3 3 65 2 3 70
$1,349,000 2,280 0.25 - 0.5 acre 3 2.5 54 2 4 49
$898,000 1,523 6,500 - 8,000 sqft 3 2 63 4 6 126