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Palm Springs

Why you'd want to live in Palm Springs

Palm Springs, a city in the Sonoran Desert of southern California, is known for its hot springs, stylish hotels, golf courses and spas. It's also noted for its many fine examples of midcentury-modern architecture. Its core shopping district along Palm Canyon Drive features vintage boutiques, interior design shops and restaurants. The surrounding Coachella Valley offers hiking, biking and horseback riding trails.

Palm Springs Market Report

$615,358

AVERAGE PRICE OF 733 HOMES

$272,372

AVERAGE PRICE OF 9 DISTRESSED HOMES

$1,695,117

AVERAGE PRICE OF 106 MULTI-MILLION DOLLAR HOMES

$709,307

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$672,797

AVERAGE PRICE OF 596 HOMES WITH A POOL

$674,122

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $615,358
Avg Bedrooms 2.53 beds
Avg Bathrooms 2.47 baths

Average Price by Bedrooms

1 bedroom $193,404
2 bedrooms $379,559
3 bedrooms $754,511
4 bedrooms $1,139,986
5 bedrooms $1,908,636
Palm Springs Home Price Trends
  7/2020 6/2020 5/2020 4/2020 3/2020
Total Listings 793 817 785 721 845
Average Price $606,428 $611,424 $620,457 $639,540 $670,922
Avg Price Change -0.82% -1.48% -3.08% -4.91% -0.13%
Median Price $453,606 $470,806 $472,637 $482,144 $495,627
Med Price Change -3.79% -0.39% -2.01% -2.80% -0.28%
Avg Bedrooms 2.58 beds 2.61 beds 2.63 beds 2.66 beds 2.69 beds
Avg Bathrooms 2.45 baths 2.46 baths 2.48 baths 2.53 baths 2.58 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Palspr 4 $492,500 15 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 733 $615,358 87 days
Distressed Homes 9 $272,372 161 days
Multi-Million Dollar Homes 106 $1,695,117 71 days
Newly Built Homes 40 $709,307 56 days
Homes with a Pool 596 $672,797 84 days
Reduced Price Homes 22 $674,122 44 days
Compass
74199 El Paseo Suite 200
Palm Desert, CA 92260
949-678-0999
760-567-4931
DRE# 01991628

Based on information from California Regional Multiple Listing Service, Inc. as of August 13, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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