Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Wed Jan 20 2021
This week the median list price for Palm Desert, CA is $697,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 176. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Palm Desert, CA

Wed Jan 20 2021
This week the median list price for Palm Desert, CA is $697,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 176. 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $697,000
Per Square Foot $283
Days on Market 118
Price Decreased 28%
Price Increased 3%
Relisted 7%
Inventory 176
Median Rent $3,800
Most Expensive $10,950,000
Least Expensive $198,000
Market Action 45
Strong Seller's Market

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
$2,862,500 5,238 0.5 - 1 acre 4 4 20 3 0 155
$934,000 3,124 0.25 - 0.5 acre 3 3 23 3 6 150
$559,000 2,181 6,500 - 8,000 sqft 3 3 24 7 11 55
$376,950 1,542 4,500 - 6,500 sqft 2 2 28 14 13 109