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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

$1,096,404

AVERAGE PRICE OF 583 HOMES

$1,155,780

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,337,859

AVERAGE PRICE OF 194 MULTI-MILLION DOLLAR HOMES

$1,309,845

AVERAGE PRICE OF 56 NEWLY BUILT HOMES

$1,211,277

AVERAGE PRICE OF 419 HOMES WITH A POOL

$1,014,889

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $1,096,404
Avg Bedrooms 2.27 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $243,733
2 bedrooms $553,094
3 bedrooms $1,146,784
4 bedrooms $1,937,022
5 bedrooms $3,799,288
Palm Springs Home Price Trends
  4/2022 3/2022 2/2022 1/2022 12/2021
Total Listings n/a 548 565 525 566
Average Price n/a $1,038,962 $1,003,695 $977,481 $993,859
Avg Price Change n/a +3.51% +2.68% -1.68% n/a
Median Price n/a $668,000 $667,675 $631,405 $614,116
Med Price Change n/a +0.05% +5.74% +2.82% n/a
Avg Bedrooms n/a 2.23 beds 2.23 beds 2.16 beds 2.23 beds
Avg Bathrooms n/a 2.23 baths 2.2 baths 2.14 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 1 $300,000 12 days
Palm Springs 54 $1,276,234 120 days
Total Homes Average Price Avg Days on Site
All Homes 583 $1,096,404 77 days
Distressed Homes 5 $1,155,780 160 days
Multi-Million Dollar Homes 194 $2,337,859 74 days
Newly Built Homes 56 $1,309,845 145 days
Homes with a Pool 419 $1,211,277 64 days
Reduced Price Homes 9 $1,014,889 27 days