The Munselle Group's Market Report
Palm Springs, CA 92262
Condos/Townhomes
Compass | www.themunsellegroup.com| 760-772-2411
Palm Springs, CA 92262
Fri Apr 24 2026
This week the median list price for Palm Springs, CA 92262 is $344,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has increased to 147.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $344,500 | |
| Median Price of New Listings | $452,000 | |
| Per Square Foot | $371 | |
| Average Days on Market | 111 | |
| Median Days on Market | 63 | |
| Price Decreased | 29% | |
| Price Increased | 1% | |
| Relisted | 10% | |
| Inventory | 147 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
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 |
|---|---|---|---|---|---|---|---|---|
| $669,000 | 1,558 | - | 2 | 2 | 40 | 7 | 4 | 28 |
| $425,000 | 1,211 | 0 - 4,500 sqft | 2 | 2 | 43 | 3 | 9 | 56 |
| $300,000 | 837 | - | 2 | 1 | 43 | 2 | 9 | 105 |
| $219,997 | 589 | - | 1 | 1 | 44 | 4 | 5 | 77 |