Market Report from Cathi Walter
Palm Desert, CA
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
Palm Desert, CA
Fri Mar 24 2023
This week the median list price for Palm Desert, CA is $747,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has decreased to 234.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $747,000 | |
| Median Price of New Listings | $649,500 | |
| Per Square Foot | $360 | |
| Average Days on Market | 76 | |
| Median Days on Market | 49 | |
| Price Decreased | 51% | |
| Price Increased | 2% | |
| Relisted | 12% | |
| Inventory | 234 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $1,822,497 | 3,302 | 0.25 - 0.5 acre | 4 | 4 | 26 | 9 | 5 | 42 |
| $897,000 | 2,470 | 8,000 - 10,000 sqft | 3 | 3 | 25 | 5 | 6 | 49 |
| $625,000 | 2,042 | 6,500 - 8,000 sqft | 3 | 2.5 | 25 | 5 | 6 | 91 |
| $475,000 | 1,578 | 4,500 - 6,500 sqft | 2 | 2 | 27 | 11 | 5 | 35 |