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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

$923,931

AVERAGE PRICE OF 866 HOMES

$972,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,934,500

AVERAGE PRICE OF 263 MULTI-MILLION DOLLAR HOMES

$1,657,074

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$1,002,656

AVERAGE PRICE OF 625 HOMES WITH A POOL

$869,858

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

Average Home

Average Price $923,931
Avg Bedrooms 2.43 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $272,255
2 bedrooms $517,003
3 bedrooms $1,017,632
4 bedrooms $1,455,183
5 bedrooms $2,658,390
Palm Springs Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 1,025 1,026 1,168 1,281 1,325
Average Price $934,191 $957,368 $1,012,960 $1,051,107 $1,070,778
Avg Price Change -2.48% -5.81% -3.77% -1.87% -1.55%
Median Price $680,067 $697,528 $738,358 $786,785 $774,679
Med Price Change -2.57% -5.85% -6.56% +1.56% -3.23%
Avg Bedrooms 2.59 beds 2.64 beds 2.68 beds 2.68 beds 2.66 beds
Avg Bathrooms 2.45 baths 2.51 baths 2.58 baths 2.58 baths 2.54 baths
Home Price by High School
School Name Total Homes Average Price
Palm Springs 59 $1,033,606
Home Price by House Size
Total Homes Average Price
All Homes 866 $923,931
Distressed Homes 2 $972,500
Multi-Million Dollar Homes 263 $1,934,500
Newly Built Homes 33 $1,657,074
Homes with a Pool 625 $1,002,656
Reduced Price Homes 43 $869,858
Compass
Salomon Urquiza
830 N Palm Canyon Drive Suite 2
Palm Springs, CA 92262
760-567-4931
DRE# 02033661

Fair Housing/Equal Opportunity
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Based on information from California Regional Multiple Listing Service, Inc. as of October 11, 2024. 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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