Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Mon Jan 17 2022
This week the median list price for Palm Desert, CA is $929,000 with the market action index hovering around 69. This is an increase over last month's market action index of 67. Inventory has decreased to 63. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Palm Desert, CA

Mon Jan 17 2022
This week the median list price for Palm Desert, CA is $929,000 with the market action index hovering around 69. This is an increase over last month's market action index of 67. Inventory has decreased to 63. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $929,000
Median Price of New Listings $904,950
Per Square Foot $394
Average Days on Market 69
Median Days on Market 49
Price Decreased 22%
Price Increased 3%
Relisted 5%
Inventory 63
Median Rent $4,500
Market Action 69
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$3,800,000 4,400 0.5 - 1 acre 4 4.5 23 0 1 63
$1,344,000 2,721 0.25 - 0.5 acre 3 3.5 33 6 0 42
$801,000 2,575 8,000 - 10,000 sqft 3 2.8 25 5 5 49
$472,000 1,711 6,500 - 8,000 sqft 3 2 29 3 6 38