The Munselle Group's Market Report

Palm Springs, CA 92262

Condos/Townhomes

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


Palm Springs, CA 92262

Wed Oct 04 2023
This week the median list price for Palm Springs, CA 92262 is $399,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 79. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 Oct 04 2023
This week the median list price for Palm Springs, CA 92262 is $399,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 79. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $399,000
Median Price of New Listings $424,000
Per Square Foot $385
Average Days on Market 74
Median Days on Market 42
Price Decreased 34%
Price Increased 3%
Relisted 10%
Inventory 79
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$749,000 1,695 0 - 4,500 sqft 2 2 42 3 1 21
$498,500 1,366 0 - 4,500 sqft 2 2 43 1 2 59
$352,500 931 0 - 4,500 sqft 2 2 40 4 2 31
$215,450 589 0 - 4,500 sqft 1 1 42 0 0 73