The Munselle Group

Palm Springs, CA 92262

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92262 is $349,000 with the market action index hovering around 84. This is less than last month's market action index of 89. Inventory has increased to 35. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palm Springs, CA 92262

Tue Oct 19 2021
This week the median list price for Palm Springs, CA 92262 is $349,000 with the market action index hovering around 84. This is less than last month's market action index of 89. Inventory has increased to 35. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $349,000
Median Price of New Listings $375,000
Per Square Foot $325
Average Days on Market 24
Median Days on Market 14
Price Decreased 9%
Price Increased 0%
Relisted 6%
Inventory 35
Median Rent $2,023
Market Action 84
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$629,500 1,678 0 - 4,500 sqft 3 2 16 1 0 17
$436,500 1,339 0 - 4,500 sqft 2 2 36 7 2 0
$299,000 1,131 0 - 4,500 sqft 2 2 46 4 2 21
$250,000 736 0 - 4,500 sqft 1 1 40 1 0 21