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

$881,822

AVERAGE PRICE OF 905 HOMES

$177,600

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,090,443

AVERAGE PRICE OF 252 MULTI-MILLION DOLLAR HOMES

$1,258,873

AVERAGE PRICE OF 38 NEWLY BUILT HOMES

$903,095

AVERAGE PRICE OF 618 HOMES WITH A POOL

$1,328,889

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $881,822
Avg Bedrooms 2.23 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $207,246
2 bedrooms $454,617
3 bedrooms $1,016,470
4 bedrooms $1,407,926
5 bedrooms $2,128,073
Palm Springs Home Price Trends
  6/2021 5/2021 4/2021 3/2021 2/2021
Total Listings 1,112 986 950 971 376
Average Price $793,539 $840,723 $850,060 $802,039 $791,566
Avg Price Change -5.95% -1.11% +5.99% +1.32% +5.61%
Median Price $486,662 $478,903 $454,105 $429,481 $416,553
Med Price Change +1.62% +5.46% +5.73% +3.10% +3.13%
Avg Bedrooms 2.19 beds 2.23 beds 2.24 beds 2.22 beds 2.33 beds
Avg Bathrooms 2.11 baths 2.2 baths 2.25 baths 2.21 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price
Cathedral City 4 $282,000
Palm Springs 55 $729,490
Home Price by House Size
Total Homes Average Price
All Homes 905 $881,822
Distressed Homes 5 $177,600
Multi-Million Dollar Homes 252 $2,090,443
Newly Built Homes 38 $1,258,873
Homes with a Pool 618 $903,095
Reduced Price Homes 9 $1,328,889
Compass
74199 El Paseo Suite 200
Palm Desert, CA 92260
DRE# 01991628
760-359-2414
760-567-4931
949-678-0999

Based on information from California Regional Multiple Listing Service, Inc. as of July 28, 2021. 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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