Market Report
Palm Springs, CA 92264
Single-Family Homes
Chartwell Escrow
Palm Springs, CA 92264
Thu Dec 26 2024
This week the median list price for Palm Springs, CA 92264 is $1,500,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has held steady at or around 119.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
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
| Median List Price | $1,500,000 | |
| Median Price of New Listings | $1,749,000 | |
| Per Square Foot | $694 | |
| Average Days on Market | 107 | |
| Median Days on Market | 56 | |
| Price Decreased | 34% | |
| Price Increased | 2% | |
| Relisted | 15% | |
| Inventory | 119 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $2,998,000 | 3,487 | 0.25 - 0.5 acre | 4 | 3.5 | 38 | 2 | 3 | 56 |
| $1,895,000 | 2,560 | 0.25 - 0.5 acre | 3 | 3 | 59 | 5 | 3 | 56 |
| $1,297,000 | 1,922 | 0.25 - 0.5 acre | 3 | 2.8 | 62 | 2 | 3 | 91 |
| $884,450 | 1,495 | 8,000 - 10,000 sqft | 3 | 2 | 63 | 2 | 3 | 49 |