Market Report from Cathi Walter

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Fri May 09 2025
This week the median list price for Palm Desert, CA is $799,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 430. 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 started cooling and prices have been flat for several weeks. Since 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 May 09 2025
This week the median list price for Palm Desert, CA is $799,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has increased to 430. 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 started cooling and prices have been flat for several weeks. Since 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 $799,000
Median Price of New Listings $675,000
Per Square Foot $363
Average Days on Market 96
Median Days on Market 63
Price Decreased 53%
Price Increased 2%
Relisted 13%
Inventory 430
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,725,000 3,216 0.25 - 0.5 acre 4 3.5 33 6 2 77
$929,000 2,563 0.25 - 0.5 acre 3 2.5 26 11 4 63
$677,000 2,024 6,500 - 8,000 sqft 3 2.5 27 8 8 70
$488,750 1,527 4,500 - 6,500 sqft 2 2 31 12 16 52