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Palm Springs

Why you'd want to live in Palm Springs

This sun drenched desert oasis vacation destination is returning to its glory days as a Hollywood playground, a central gathering spot for modern architectural design aficionados, musicians and artists drawn by nature’s inspiration, and an increasing crowd of cool-seekers. Pool parties, vintage clothing, midcentury furniture and architecture stand out as a few favorite attractions to Palm Springs. With a share of Hollywood glitz and glamour, stars such as Frank Sinatra, Bob Hope and Lucille Ball all built homes here, adding a touch of stardust. Wearing a favorite vintage outfit, shopping for midcentury modern treasures in Uptown Design District, dining alfresco in downtown bistros under the warm sun...now that’s a lifestyle.

Palm Springs Market Report

$1,046,774

AVERAGE PRICE OF 1,009 HOMES

$1,181,400

AVERAGE PRICE OF 7 DISTRESSED HOMES

$2,071,769

AVERAGE PRICE OF 351 MULTI-MILLION DOLLAR HOMES

$2,101,550

AVERAGE PRICE OF 34 NEWLY BUILT HOMES

$1,144,990

AVERAGE PRICE OF 757 HOMES WITH A POOL

$936,620

AVERAGE PRICE OF 64 REDUCED PRICE HOMES

Average Home

Average Price $1,046,774
Avg Bedrooms 2.49 beds
Avg Bathrooms 2.39 baths

Average Price by Bedrooms

1 bedroom $279,971
2 bedrooms $543,132
3 bedrooms $1,081,735
4 bedrooms $1,857,967
5 bedrooms $3,141,302
Palm Springs Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 990 910 898 880 886
Average Price $1,060,853 $1,092,349 $1,084,407 $1,098,240 $1,130,073
Avg Price Change -2.97% +0.73% -1.28% -2.90% +0.74%
Median Price $764,250 $797,633 $787,665 $789,300 $805,137
Med Price Change -4.37% +1.27% -0.21% -2.01% +0.82%
Avg Bedrooms 2.45 beds 2.48 beds 2.46 beds 2.47 beds 2.5 beds
Avg Bathrooms 2.37 baths 2.39 baths 2.37 baths 2.38 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Palm Springs 71 $1,384,766 90 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,009 $1,046,774 93 days
Distressed Homes 7 $1,181,400 78 days
Multi-Million Dollar Homes 351 $2,071,769 89 days
Newly Built Homes 34 $2,101,550 108 days
Homes with a Pool 757 $1,144,990 85 days
Reduced Price Homes 64 $936,620 66 days
Berkshire Hathaway Home Services
The Dean Sipe Group
2905 East Tahquitz Canyon Way
Palm Springs, CA 92262
760-668-5386
DRE# 01789257

Based on information from California Regional Multiple Listing Service, Inc. as of April 15, 2024. 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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