Market Report from Cathi Walter

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Wed Apr 24 2024
This week the median list price for Palm Desert, CA is $818,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 296. Click here to stay informed with the Palm Desert 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 Desert, CA

Wed Apr 24 2024
This week the median list price for Palm Desert, CA is $818,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 296. Click here to stay informed with the Palm Desert 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 Desert market.
Median List Price $818,500
Median Price of New Listings $690,955
Per Square Foot $366
Average Days on Market 81
Median Days on Market 56
Price Decreased 48%
Price Increased 2%
Relisted 16%
Inventory 296
Median Rent
Market Action 38
Slight Seller's Advantage

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
$2,185,000 3,553 0.25 - 0.5 acre 4 4 28 3 3 70
$972,000 2,481 8,000 - 10,000 sqft 3 3 25 6 5 56
$726,000 2,177 6,500 - 8,000 sqft 3 2.5 26 6 6 49
$535,000 1,664 4,500 - 6,500 sqft 3 2 31 13 17 28