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.
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
| 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 | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $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 |