The Drummond Team's Market Report
Palm Springs, CA 92262
Condos/Townhomes
The Agency | www.thedrummondteam.com | 760-772-2411
Palm Springs, CA 92262
Sat Oct 03 2026
This week the median list price for Palm Springs, CA 92262 is $362,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has held steady at or around 152.
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 | $362,000 | |
| Median Price of New Listings | $399,000 | |
| Per Square Foot | $370 | |
| Average Days on Market | 119 | |
| Median Days on Market | 88 | |
| Price Decreased | 32% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 152 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $690,000 | 1,590 | 0 - 4,500 sqft | 2 | 2 | 31 | 3 | 0 | 66 |
| $466,000 | 1,256 | 0 - 4,500 sqft | 2 | 2 | 41 | 3 | 3 | 87 |
| $299,850 | 885 | 0 - 4,500 sqft | 2 | 1.5 | 43 | 1 | 1 | 80 |
| $210,000 | 589 | 0 - 4,500 sqft | 1 | 1 | 44 | 0 | 2 | 91 |