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

$796,376

AVERAGE PRICE OF 1,104 HOMES

$175,600

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,197,545

AVERAGE PRICE OF 229 MULTI-MILLION DOLLAR HOMES

$1,343,687

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$812,630

AVERAGE PRICE OF 788 HOMES WITH A POOL

$1,091,464

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $796,376
Avg Bedrooms 2.19 beds
Avg Bathrooms 2.09 baths

Average Price by Bedrooms

1 bedroom $189,967
2 bedrooms $449,110
3 bedrooms $886,500
4 bedrooms $1,497,698
5 bedrooms $2,417,839
Palm Springs Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 986 950 971 376 369
Average Price $840,723 $850,060 $802,039 $791,566 $749,513
Avg Price Change -1.11% +5.99% +1.32% +5.61% -1.48%
Median Price $478,903 $454,105 $429,481 $416,553 $403,900
Med Price Change +5.46% +5.73% +3.10% +3.13% -9.27%
Avg Bedrooms 2.23 beds 2.24 beds 2.22 beds 2.33 beds 2.25 beds
Avg Bathrooms 2.2 baths 2.25 baths 2.21 baths 2.31 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price
Palm Springs 88 $613,563
Home Price by House Size
Total Homes Average Price
All Homes 1,104 $796,376
Distressed Homes 5 $175,600
Multi-Million Dollar Homes 229 $2,197,545
Newly Built Homes 50 $1,343,687
Homes with a Pool 788 $812,630
Reduced Price Homes 17 $1,091,464
Compass
74199 El Paseo Suite 200
Palm Desert, CA 92260
DRE# 01991628
760-359-2414
760-567-4931
949-678-0999

Based on information from California Regional Multiple Listing Service, Inc. as of June 20, 2021. 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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