Your Current Local Market Report

Palm Desert, CA

Single-Family Homes

Kevin Wahlstrom 760.250.8486| Mary O'Malley Hernandez 760.521.4623



Palm Desert, CA

Sat Apr 13 2024
This week the median list price for Palm Desert, CA is $819,450 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 278. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Palm Desert, CA

Sat Apr 13 2024
This week the median list price for Palm Desert, CA is $819,450 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 278. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $819,450
Median Price of New Listings $689,000
Per Square Foot $369
Average Days on Market 80
Median Days on Market 49
Price Decreased 47%
Price Increased 2%
Relisted 16%
Inventory 278
Median Rent
Market Action 37
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,250,000 3,562 0.25 - 0.5 acre 4 4 27 4 2 77
$995,000 2,520 8,000 - 10,000 sqft 3 3 25 4 6 49
$729,450 2,158 6,500 - 8,000 sqft 3 2.5 27 12 9 56
$529,033 1,651 4,500 - 6,500 sqft 2 2 27 10 16 21