The Munselle Group's Market Report

Palm Springs, CA 92262

Single-Family Homes

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



Palm Springs, CA 92262

Wed Jun 07 2023
This week the median list price for Palm Springs, CA 92262 is $1,295,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 197. 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 Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 Springs, CA 92262

Wed Jun 07 2023
This week the median list price for Palm Springs, CA 92262 is $1,295,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 197. 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 Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 Springs market.
Median List Price $1,295,000
Median Price of New Listings $1,099,000
Per Square Foot $658
Average Days on Market 98
Median Days on Market 70
Price Decreased 52%
Price Increased 4%
Relisted 18%
Inventory 197
Median Rent
Market Action 32
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$2,499,000 2,859 0.25 - 0.5 acre 4 3.5 51 2 6 77
$1,399,000 2,152 0.25 - 0.5 acre 3 3 44 5 4 56
$1,100,000 1,719 0.25 - 0.5 acre 3 2 46 7 4 70
$772,450 1,424 8,000 - 10,000 sqft 3 2 42 7 7 52