The Munselle Group's Market Report

Palm Springs, CA 92262

Single-Family Homes

Compass | www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Sat Aug 13 2022
This week the median list price for Palm Springs, CA 92262 is $1,295,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has held steady at or around 133. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palm Springs, CA 92262

Sat Aug 13 2022
This week the median list price for Palm Springs, CA 92262 is $1,295,000 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has held steady at or around 133. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,295,000
Median Price of New Listings $1,149,900
Per Square Foot $628
Average Days on Market 57
Median Days on Market 28
Price Decreased 41%
Price Increased 3%
Relisted 10%
Inventory 133
Median Rent
Market Action 48
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. 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
$2,850,000 3,200 0.25 - 0.5 acre 4 4 60 2 3 35
$1,479,900 2,343 0.25 - 0.5 acre 3 3 32 4 2 28
$1,160,000 1,826 0.25 - 0.5 acre 3 2 36 3 6 28
$862,500 1,616 6,500 - 8,000 sqft 3 2 36 8 7 31