Market Report from Cathi Walter

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com


Palm Desert, CA

Wed Oct 04 2023
This week the median list price for Palm Desert, CA is $792,500 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 164. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Desert, CA

Wed Oct 04 2023
This week the median list price for Palm Desert, CA is $792,500 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 164. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Desert market.
Median List Price $792,500
Median Price of New Listings $849,000
Per Square Foot $381
Average Days on Market 85
Median Days on Market 49
Price Decreased 30%
Price Increased 2%
Relisted 13%
Inventory 164
Median Rent
Market Action 40
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
$1,950,000 3,310 0.25 - 0.5 acre 4 4 24 4 2 98
$950,000 2,570 8,000 - 10,000 sqft 3 3 24 8 2 28
$670,000 1,869 6,500 - 8,000 sqft 3 2 25 8 4 49
$489,000 1,441 4,500 - 6,500 sqft 2 2 29 3 5 28