Market Report from Cathi Walter

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Fri Dec 13 2024
This week the median list price for Palm Desert, CA is $797,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 326. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Fri Dec 13 2024
This week the median list price for Palm Desert, CA is $797,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 326. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $797,000
Median Price of New Listings $749,500
Per Square Foot $375
Average Days on Market 87
Median Days on Market 49
Price Decreased 36%
Price Increased 1%
Relisted 13%
Inventory 326
Median Rent
Market Action 33
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
$1,800,000 3,255 0.25 - 0.5 acre 4 3.5 28 9 1 49
$929,000 2,444 8,000 - 10,000 sqft 3 2.5 30 8 9 49
$696,500 1,959 6,500 - 8,000 sqft 3 2.5 26 8 7 66
$489,394 1,524 4,500 - 6,500 sqft 2 2 36 10 6 42