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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

$794,259

AVERAGE PRICE OF 640 HOMES

$422,100

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,291,630

AVERAGE PRICE OF 120 MULTI-MILLION DOLLAR HOMES

$1,327,315

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$876,010

AVERAGE PRICE OF 535 HOMES WITH A POOL

$771,192

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $794,259
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.6 baths

Average Price by Bedrooms

1 bedroom $194,068
2 bedrooms $382,045
3 bedrooms $826,868
4 bedrooms $1,447,355
5 bedrooms $4,249,534
Palm Springs Home Price Trends
  10/2020 9/2020 8/2020 7/2020 6/2020
Total Listings 735 737 748 793 817
Average Price $718,620 $680,638 $634,038 $606,428 $611,424
Avg Price Change +5.58% +7.35% +4.55% -0.82% -1.48%
Median Price $477,551 $460,518 $443,215 $453,606 $470,806
Med Price Change +3.70% +3.90% -2.34% -3.79% -0.39%
Avg Bedrooms 2.58 beds 2.56 beds 2.55 beds 2.58 beds 2.61 beds
Avg Bathrooms 2.54 baths 2.53 baths 2.48 baths 2.45 baths 2.46 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Catcit 1 $159,900 25 days
Palspr 52 $862,673 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 640 $794,259 79 days
Distressed Homes 6 $422,100 174 days
Multi-Million Dollar Homes 120 $2,291,630 74 days
Newly Built Homes 33 $1,327,315 52 days
Homes with a Pool 535 $876,010 76 days
Reduced Price Homes 19 $771,192 56 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 November 24, 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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