Fri Dec 01 2023
This week the median list price for Palm Desert, CA is $768,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 235.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$768,000|
|Median Price of New Listings||$599,000|
|Per Square Foot||$369|
|Average Days on Market||67|
|Median Days on Market||35|
|Slight Seller's Advantage|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,162,500||3,374||0.25 - 0.5 acre||4||4||23||4||2||42|
|$995,000||2,564||8,000 - 10,000 sqft||3||3||24||5||5||35|
|$649,000||2,000||6,500 - 8,000 sqft||3||2.5||26||2||2||42|
|$499,000||1,612||4,500 - 6,500 sqft||2||2||27||10||9||35|