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Featured local agent — Palm Desert, CA
Sarah Mitchell
Compass Real Estate · Palm Desert, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palm Desert, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$611,000median sale price
How is the Palm Desert, CA housing market right now?
The median home sale price in Palm Desert, CA is $611,000, up 7.7% year-over-year. Homes sell in an average of 90 days with 666 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palm Desert a buyer's or seller's market?
Palm Desert, CA is currently a buyer's market, based on 6.0 months of supply and homes selling in about 90 days. How we determine this →
Homes sold
111
Last 12 weeks
Days on market
90
Average pace
Active listings
666
6.0 months supply
Sale-to-list
96.0%
Below asking
What does the Palm Desert housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $611,000 |
| Median list price | $594,000 |
| Year-over-year price change | +7.7% |
| Average days on market | 90 days |
| Active inventory | 666 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $323/sq ft |
| Homes sold (latest month) | 111 |
| New listings (latest month) | 136 |
| Listings with a price cut | 27.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palm Desert by property type?
How the Palm Desert, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $800,000 | $323/sq ft | 51 | 102 days |
| Condo / Co-op | $486,500 | $322/sq ft | 60 | 63 days |
| Townhouse | $340,000 | $282/sq ft | 2 | 138 days |
Source: Redfin · Updated monthly
The Palm Desert housing market is currently classified as a buyer's market with a median sale price of $611,000. Prices have risen 7.7% compared to last year, with homes spending an average of 90 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.9x provides context for how home values compare to local earning capacity.
Homes for sale in Palm Desert
There are currently 666 homes listed for sale in Palm Desert, California. The median listing price is $594K.
Active listings
666
Homes on market
Median list price
$594K
Avg. days on market
90
Days until sale
New this week
136
Newly listed
Who lives in Palm Desert?
Population
51,551
Median income
$79,508/yr
Median age
56.7 years
Owner-occupied
64.4%
College grads
39.9%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Palm Desert?
Zillow home value
$545,953
Zillow rent index
$2,638/mo
Price-to-rent ratio
17.2x
Price-to-income
6.9x
Source: Zillow Research
What is it like to live in Palm Desert?
Palm Desert is a community of approximately 52K residents with a median age of 56.7 years.The median household income is $79,508, which reflects a relatively affluent area with strong earning potential. 39.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.4%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palm Desert offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palm Desert?
6 schools tracked · 6,112 students
The largest public schools serving Palm Desert, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Palm Desert High
Grades 9-12 · 2,039 students
Palm Desert Charter Middle
Grades 6-8 · 1,389 students
Ronald Reagan Elementary
Grades K-5 · 818 students
George Washington Charter
Grades K-5 · 756 students
Abraham Lincoln Elementary
Grades K-5 · 593 students
James Earl Carter Elementary
Grades K-5 · 517 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palm Desert, CA?
Want a head-to-head view? Compare Palm Desert side-by-side with any other U.S. city using our market-comparison tool.
Is Palm Desert a good real estate investment market?
For investors evaluating Palm Desert, the price-to-rent ratio of 17.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palm Desert's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palm Desert's median home price.
Frequently asked questions
What is the average home price in Palm Desert?
The median home sale price in Palm Desert is $611,000, up 7.7% from last year.
How long do homes stay on market in Palm Desert?
Homes typically spend 90 days on market before going under contract.
What is the median income in Palm Desert?
The median household income is $79,508 per year.
Is Palm Desert a buyer's or seller's market?
With 6.0 months of supply, Palm Desert is currently a buyer's market.
What is the Zillow home value estimate for Palm Desert?
The Zillow Home Value Index (ZHVI) for Palm Desert is $545,953, representing the typical home value in the area.
What is the median condo price in Palm Desert?
The median condo/co-op sale price in Palm Desert, CA is $486,500, compared to $800,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palm Desert?
The median single-family home price in Palm Desert, CA is $800,000 (about $323 per square foot).
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