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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

$1,121,879

AVERAGE PRICE OF 802 HOMES

$1,258,740

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,200,969

AVERAGE PRICE OF 289 MULTI-MILLION DOLLAR HOMES

$1,542,780

AVERAGE PRICE OF 44 NEWLY BUILT HOMES

$1,204,952

AVERAGE PRICE OF 587 HOMES WITH A POOL

$936,040

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

Average Home

Average Price $1,121,879
Avg Bedrooms 2.49 beds
Avg Bathrooms 2.44 baths

Average Price by Bedrooms

1 bedroom $269,397
2 bedrooms $560,671
3 bedrooms $1,149,801
4 bedrooms $1,761,871
5 bedrooms $3,135,808
Palm Springs Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 742 647 679 n/a 666
Average Price $1,161,718 $1,182,469 $1,170,797 n/a $1,189,599
Avg Price Change -1.79% +1.00% n/a n/a +10.16%
Median Price $823,924 $840,526 $848,165 n/a $853,623
Med Price Change -2.01% -0.91% n/a n/a +3.28%
Avg Bedrooms 2.47 beds 2.5 beds 2.49 beds n/a 2.48 beds
Avg Bathrooms 2.43 baths 2.41 baths 2.37 baths n/a 2.38 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 6 $762,316 23 days
Palm Springs 60 $1,357,378 90 days
Total Homes Average Price Avg Days on Site
All Homes 802 $1,121,879 91 days
Distressed Homes 5 $1,258,740 85 days
Multi-Million Dollar Homes 289 $2,200,969 88 days
Newly Built Homes 44 $1,542,780 114 days
Homes with a Pool 587 $1,204,952 86 days
Reduced Price Homes 45 $936,040 61 days