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 Sep 12 2026
This week the median list price for Palm Springs, CA 92262 is $344,497 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has decreased to 144.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $344,497 | |
| Median Price of New Listings | $352,000 | |
| Per Square Foot | $364 | |
| Average Days on Market | 113 | |
| Median Days on Market | 84 | |
| Price Decreased | 32% | |
| Price Increased | 2% | |
| Relisted | 13% | |
| Inventory | 144 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 | 1,548 | - | 2 | 2.5 | 31 | 3 | 1 | 119 |
| $414,000 | 1,180 | 0 - 4,500 sqft | 2 | 2 | 43 | 2 | 4 | 77 |
| $275,000 | 837 | 0 - 4,500 sqft | 2 | 1 | 43 | 2 | 1 | 91 |
| $199,999 | 589 | 0 - 4,500 sqft | 1 | 1 | 44 | 2 | 1 | 80 |