If you need assistance, please call 760-359-2414

Joe Chung
760-359-2414
DRE# 01963102 / 01991628

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

$1,103,925

AVERAGE PRICE OF 1,159 HOMES

$494,500

AVERAGE PRICE OF 7 DISTRESSED HOMES

$2,156,503

AVERAGE PRICE OF 431 MULTI-MILLION DOLLAR HOMES

$1,534,545

AVERAGE PRICE OF 61 NEWLY BUILT HOMES

$1,175,663

AVERAGE PRICE OF 905 HOMES WITH A POOL

$1,043,678

AVERAGE PRICE OF 78 REDUCED PRICE HOMES

Average Home

Average Price $1,103,925
Avg Bedrooms 2.7 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $271,662
2 bedrooms $551,884
3 bedrooms $836,479
4 bedrooms $1,825,718
5 bedrooms $3,454,086
Palm Springs Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 1,215 1,242 1,170 1,107 963
Average Price $1,148,602 $1,148,400 $1,147,221 $1,194,714 $1,219,565
Avg Price Change +0.02% +0.10% -4.14% -2.08% +0.81%
Median Price $786,171 $780,976 $793,359 $823,648 $835,228
Med Price Change +0.67% -1.59% -3.82% -1.41% -0.85%
Avg Bedrooms 2.7 beds 2.28 beds 2.05 beds 2.51 beds 2.56 beds
Avg Bathrooms 2.31 baths 2.12 baths 2.01 baths 2.47 baths 2.46 baths
Home Price by High School
School Name Total Homes Average Price
Cathedral City 14 $797,142
Palm Springs 108 $1,465,197
Home Price by House Size
Total Homes Average Price
All Homes 1,159 $1,103,925
Distressed Homes 7 $494,500
Multi-Million Dollar Homes 431 $2,156,503
Newly Built Homes 61 $1,534,545
Homes with a Pool 905 $1,175,663
Reduced Price Homes 78 $1,043,678
Compass
Joe Chung
830 N Palm Canyon Drive Suite 2
Palm Springs, CA 92262
760-359-2414
DRE# 01963102/01991628
Salomon Urquiza
760-567-4931
DRE# 02033661

Fair Housing/Equal Opportunity
Terms of Use Privacy Notice DMCA
Based on information from California Regional Multiple Listing Service, Inc. as of June 6, 2023. 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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