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Palm Desert, CA 92260

Condos/Townhomes

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Palm Desert, CA 92260

Sun Aug 01 2021
This week the median list price for Palm Desert, CA 92260 is $435,000 with the market action index hovering around 75. This is less than last month's market action index of 84. Inventory has increased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palm Desert, CA 92260

Sun Aug 01 2021
This week the median list price for Palm Desert, CA 92260 is $435,000 with the market action index hovering around 75. This is less than last month's market action index of 84. Inventory has increased to 41. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $435,000
Median Price of New Listings $360,000
Per Square Foot $289
Average Days on Market 34
Median Days on Market 21
Price Decreased 29%
Price Increased 0%
Relisted 10%
Inventory 41
Median Rent $4,000
Market Action 75
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$629,000 1,980 0 - 4,500 sqft 3 3 41 3 3 21
$509,499 1,793 0 - 4,500 sqft 3 2 42 2 1 31
$402,000 1,523 0 - 4,500 sqft 2 2 42 2 3 24
$295,000 1,104 0 - 4,500 sqft 2 2 50 6 1 21