Market Report from Cathi Walter

Palm Desert, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Tue May 28 2024
This week the median list price for Palm Desert, CA is $828,899 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 293. 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

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

Tue May 28 2024
This week the median list price for Palm Desert, CA is $828,899 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 293. 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

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 $828,899
Median Price of New Listings $757,495
Per Square Foot $370
Average Days on Market 84
Median Days on Market 63
Price Decreased 49%
Price Increased 2%
Relisted 13%
Inventory 293
Median Rent
Market Action 36
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
$2,200,000 3,562 0.25 - 0.5 acre 4 4 27 5 3 91
$950,000 2,495 0.25 - 0.5 acre 3 3 25 9 5 70
$735,990 2,248 6,500 - 8,000 sqft 3 2.5 27 12 8 49
$544,000 1,652 4,500 - 6,500 sqft 3 2 30 10 16 38