The Drummond Team's Market Report

Palm Springs, CA 92262

Single-Family Homes

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 $999,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 227. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Palm Springs, CA 92262

Sat Oct 03 2026
This week the median list price for Palm Springs, CA 92262 is $999,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 227. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $999,000
Median Price of New Listings $899,985
Per Square Foot $521
Average Days on Market 163
Median Days on Market 119
Price Decreased 32%
Price Increased 0%
Relisted 11%
Inventory 227
Median Rent
Market Action 29
Slight Buyer's Advantage

We continue to see prices in this zip code hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,598,000 2,598 0.25 - 0.5 acre 4 3.5 39 2 0 119
$1,165,985 2,191 0.25 - 0.5 acre 3 2 22 2 2 133
$845,999 1,588 0.25 - 0.5 acre 3 2 48 2 5 140
$630,000 1,584 6,500 - 8,000 sqft 3 2 44 3 8 91