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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

$1,142,887

AVERAGE PRICE OF 913 HOMES

$322,474

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,106,753

AVERAGE PRICE OF 364 MULTI-MILLION DOLLAR HOMES

$1,454,863

AVERAGE PRICE OF 69 NEWLY BUILT HOMES

$1,217,520

AVERAGE PRICE OF 720 HOMES WITH A POOL

$973,499

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $1,142,887
Avg Bedrooms 2.52 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $258,405
2 bedrooms $596,806
3 bedrooms $1,154,274
4 bedrooms $1,835,788
5 bedrooms $3,598,860
Palm Springs Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 949 n/a n/a n/a 812
Average Price $1,121,886 n/a n/a n/a $1,047,202
Avg Price Change n/a n/a n/a n/a +3.68%
Median Price $829,553 n/a n/a n/a $645,911
Med Price Change n/a n/a n/a n/a +2.16%
Avg Bedrooms 2.53 beds n/a n/a n/a 2.31 beds
Avg Bathrooms 2.4 baths n/a n/a n/a 2.27 baths
Home Price by High School
School Name Total Homes Average Price
Palm Springs 80 $1,473,640
Home Price by House Size
Total Homes Average Price
All Homes 913 $1,142,887
Distressed Homes 4 $322,474
Multi-Million Dollar Homes 364 $2,106,753
Newly Built Homes 69 $1,454,863
Homes with a Pool 720 $1,217,520
Reduced Price Homes 22 $973,499
Compass
Joe Chung
830 N Palm Canyon Drive Suite 2
Palm Springs, CA 92262
760-359-2414
DRE# 01963102

Based on information from California Regional Multiple Listing Service, Inc. as of August 9, 2022. 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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