Palm Springs Real Estate Market Report
Executive Summary
The Palm Springs, CA real estate market is currently classified as a buyer's market. The median asking price is $490K, down 26.6% over the past 30 days.
There are currently 222 active listings, representing 13.1 months of inventory. 46 properties have sold in the past 90 days at a median sold price of $633K. Inventory has increased 42.3% compared to last month.
Currently, listings spend an average of 48 days on market and the average price per square foot is $305.
Detached properties make up the largest share of the Palm Springs market at 62% of active listings with an average price of $756K. Condo listings follow at 36% (avg $382K).
Sales Activity & Absorption
Volume
Market Signals
17 properties sold in the past 30 days, 66 new listings appeared in the past month, 83 sellers reduced their asking price.
Market Balance
Months of Inventory
With 13.1 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| DESERT PARK ESTATES | 17 | $754K |
| CENTRAL PALM SPRINGS | 6 | $535K |
| SAN JACINTO COVE | 5 | $252K |
| SUNRISE PALMS | 5 | $326K |
| DEMUTH PARK | 5 | $611K |
| MOUNTAIN GATE | 5 | $689K |
| VICTORIA PARK | 5 | $763K |
| ESCENA | 5 | $1.2M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Palm Springs market currently has 222 active listings with a median price of $490K and 13.1 months of inventory.
- High inventory (13.1 months) favors buyers
- Prices declining (-26.6% in 30 days)
- High price reduction rate (37% of listings)
- High sell-through rate (100%)
- Slow-moving market (48 avg days on market)
- Average price per square foot is $305
- Sold properties averaged 22 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of April 13, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.