Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com


Palm Desert, CA

Wed Sep 22 2021
This week the median list price for Palm Desert, CA is $768,000 with the market action index hovering around 61. This is less than last month's market action index of 71. Inventory has held steady at or around 117. 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

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 Sep 22 2021
This week the median list price for Palm Desert, CA is $768,000 with the market action index hovering around 61. This is less than last month's market action index of 71. Inventory has held steady at or around 117. 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

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 $768,000
Median Price of New Listings $644,500
Per Square Foot $326
Average Days on Market 46
Median Days on Market 35
Price Decreased 26%
Price Increased 5%
Relisted 12%
Inventory 117
Median Rent $4,500
Market Action 61
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
$1,995,000 3,576 0.25 - 0.5 acre 4 4 22 3 4 49
$875,000 2,500 0.25 - 0.5 acre 3 3 21 6 2 21
$619,000 2,128 6,500 - 8,000 sqft 3 2 29 6 4 21
$439,500 1,532 6,500 - 8,000 sqft 3 2 40 9 4 21