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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

$1,186,800

AVERAGE PRICE OF 297 HOMES

$1,928,754

AVERAGE PRICE OF 132 MULTI-MILLION DOLLAR HOMES

$1,735,015

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$1,194,200

AVERAGE PRICE OF 293 HOMES WITH A POOL

$1,268,827

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $1,186,800
Avg Bedrooms 2.76 beds
Avg Bathrooms 2.7 baths

Average Price by Bedrooms

1 bedroom $290,941
2 bedrooms $696,528
3 bedrooms $1,237,215
4 bedrooms $1,972,754
5 bedrooms $3,284,988
Palm Springs Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 1,189 1,140 1,124 1,128 981
Average Price $1,123,540 $1,119,155 $1,123,615 $1,156,520 $1,139,325
Avg Price Change +0.39% -0.40% -2.93% +1.51% +6.42%
Median Price $844,852 $840,080 $842,041 $852,973 $834,832
Med Price Change +0.57% -0.23% -1.30% +2.17% +9.01%
Avg Bedrooms 2.66 beds 2.66 beds 2.63 beds 2.66 beds 2.61 beds
Avg Bathrooms 2.58 baths 2.57 baths 2.54 baths 2.55 baths 2.51 baths
Home Price by House Size
Total Homes Average Price
All Homes 297 $1,186,800
Multi-Million Dollar Homes 132 $1,928,754
Newly Built Homes 9 $1,735,015
Homes with a Pool 293 $1,194,200
Reduced Price Homes 24 $1,268,827
Compass
Salomon Urquiza
830 N Palm Canyon Drive Suite 2
Palm Springs, CA 92262
760-567-4931
DRE# 02033661

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Based on information from California Regional Multiple Listing Service, Inc. as of March 3, 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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