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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

$1,115,465

AVERAGE PRICE OF 884 HOMES

$708,473

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,095,018

AVERAGE PRICE OF 342 MULTI-MILLION DOLLAR HOMES

$1,643,144

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$1,229,482

AVERAGE PRICE OF 626 HOMES WITH A POOL

$1,051,478

AVERAGE PRICE OF 71 REDUCED PRICE HOMES

Average Home

Average Price $1,115,465
Avg Bedrooms 2.5 beds
Avg Bathrooms 2.41 baths

Average Price by Bedrooms

1 bedroom $285,451
2 bedrooms $551,134
3 bedrooms $1,100,361
4 bedrooms $1,872,573
5 bedrooms $3,150,818
Palm Springs Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 886 784 677 658 704
Average Price $1,130,073 $1,121,766 $1,057,190 $1,054,560 $1,077,058
Avg Price Change +0.74% +6.11% +0.25% -2.13% -2.35%
Median Price $805,137 $798,616 $739,691 $747,633 $781,372
Med Price Change +0.82% +7.97% -1.07% -4.51% -0.20%
Avg Bedrooms 2.5 beds 2.43 beds 2.36 beds 2.39 beds 2.48 beds
Avg Bathrooms 2.39 baths 2.31 baths 2.22 baths 2.27 baths 2.36 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 2 $596,500 140 days
Palm Springs 54 $1,344,956 95 days
Total Homes Average Price Avg Days on Site
All Homes 884 $1,115,465 90 days
Distressed Homes 8 $708,473 59 days
Multi-Million Dollar Homes 342 $2,095,018 90 days
Newly Built Homes 43 $1,643,144 120 days
Homes with a Pool 626 $1,229,482 82 days
Reduced Price Homes 71 $1,051,478 73 days