Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92262 is $989,000 with the market action index hovering around 61. This is less than last month's market action index of 67. Inventory has held steady at or around 61.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$989,000|
|Median Price of New Listings||$1,289,000|
|Per Square Foot||$498|
|Average Days on Market||76|
|Median Days on Market||35|
|Strong Seller's Market|
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,489,000||3,306||0.25 - 0.5 acre||4||3||59||3||2||21|
|$1,240,486||2,343||8,000 - 10,000 sqft||3||2||17||3||3||35|
|$849,000||2,086||0.25 - 0.5 acre||3||3||36||0||4||42|
|$485,000||1,772||6,500 - 8,000 sqft||2||2||16||3||4||24|