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Sarah Mitchell

CNESRESABR

Compass Real Estate · Palm Springs, CA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Palm Springs, CA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Palm Springs, CA Housing Market & Real Estate

Buyer's market+2.6% YoY

Housing market overview · Updated monthly ·

$656,000median sale price

How is the Palm Springs, CA housing market right now?

The median home sale price in Palm Springs, CA is $656,000, up 2.6% year-over-year. Homes sell in an average of 67 days with 775 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 Springs a buyer's or seller's market?

Buyer's market5.8 months of supply67 avg. days on market

Palm Springs, CA is currently a buyer's market, based on 5.8 months of supply and homes selling in about 67 days. How we determine this →

Homes sold

133

Last 12 weeks

Days on market

67

Average pace

Active listings

775

5.8 months supply

Sale-to-list

97.3%

Below asking

What does the Palm Springs housing market data show?

Current housing market statistics for Palm Springs, CA
MetricValue
Median sale price$656,000
Median list price$742,000
Year-over-year price change+2.6%
Average days on market67 days
Active inventory775 listings
Months of supply5.8 months
Sale-to-list price ratio97.3%
Median price per sq ft$436/sq ft
Homes sold (latest month)133
New listings (latest month)182
Listings with a price cut30.3%
Market conditionBuyer's market

Source: Redfin · Updated monthly

How much do homes cost in Palm Springs by property type?

How the Palm Springs, CA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Palm Springs, CA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$1.18M$618/sq ft7064 days
Condo / Co-op$416,250$350/sq ft5871 days
Townhouse$690,000$408/sq ft4122 days

Source: Redfin · Updated monthly

The Palm Springs housing market is currently classified as a buyer's market with a median sale price of $656,000. Prices have risen 2.6% compared to last year, with homes spending an average of 67 days on market, indicating 5.8 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 8.6x provides context for how home values compare to local earning capacity.

Homes for sale in Palm Springs

There are currently 775 homes listed for sale in Palm Springs, California. The median listing price is $742K. Featured listings range from $189,000 to $1,385,000.

1 bedroom condo for sale at 420 N Villa Ct Unit 202 Palm Springs 92262 - $189,000
New Listing
26
$189,000

420 N Villa Ct Unit 202

Palm Springs, CA 92262

1 bd1 ba589 sqft$321/ft²
Condo

Frank Crumley · Town Real Estate

View photos & details
2 bedroom mobile home for sale at 60 Calle Abajo Palm Springs 92264 - $260,000
New Listing
45
$260,000

60 Calle Abajo

Palm Springs, CA 92264

2 bd2 ba1,248 sqft$208/ft²
Mobile home

Charles Barenbrugge · Charles Estates

View photos & details
2 bedroom condo for sale at 1409 N Sunrise Way Unit 55 Palm Springs 92262 - $328,000
New Listing
29
$328,000

1409 N Sunrise Way Unit 55

Palm Springs, CA 92262

2 bd2 ba1,170 sqft$280/ft²
Condo

Stephanie Taylor · Equity Union

View photos & details
land for sale at Ruppert St Palm Springs 92240 - $350,658
New Listing
3
$350,658

Ruppert St

Palm Springs, CA 92240

Land1.75 acres

Susan Harvey · Desert Pacific Properties

View photos & details
2 bedroom condo for sale at 5301 E Waverly Dr Unit 211 Palm Springs 92264 - $435,000
New Listing
36
$435,000

5301 E Waverly Dr Unit 211

Palm Springs, CA 92264

2 bd2 ba979 sqft$444/ft²
Condo932 sqft lot

Joe Chung · Coldwell Banker Realty

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3 bedroom condo for sale at 5834 Los Coyotes Dr Palm Springs 92264 - $438,000
New Listing
38
$438,000

5834 Los Coyotes Dr

Palm Springs, CA 92264

3 bd3 ba1,380 sqft$317/ft²
Condo

Sandra Quinn · Realty Trust

View photos & details
3 bedroom house for sale at 1360 E Gem Cir Palm Springs 92262 - $599,000
New Listing
31
$599,000

1360 E Gem Cir

Palm Springs, CA 92262

3 bd2 ba1,258 sqft$476/ft²
House7,405 sqft lot

Kennedy Bryan · DOMO Real Estate

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2 bedroom condo for sale at 410 N Hermosa Dr Palm Springs 92262 - $755,000
New Listing
62
$755,000

410 N Hermosa Dr

Palm Springs, CA 92262

2 bd2 ba1,362 sqft$554/ft²
Condo

Leonardo Montenegro · Keller Williams Luxury Homes

View photos & details
3 bedroom townhouse for sale at 764 Obsidian Loop E Palm Springs 92264 - $970,000
New Build
57
$970,000

764 Obsidian Loop E

Palm Springs, CA 92264

3 bd3 ba2,212 sqft$439/ft²
Townhouse1,200 sqft lot

Courtney Pavelak · Shine RE Sales & Marketing Inc

View photos & details
3 bedroom house for sale at 22 Gladys Cir Palm Springs 92262 - $999,000
New Listing
45
$999,000

22 Gladys Cir

Palm Springs, CA 92262

3 bd3 ba1,616 sqft$618/ft²
House13,068 sqft lot

Dominique Madden · ACME Real Estate

View photos & details
3 bedroom house for sale at 1157 Enamor Ct Palm Springs 92262 - $1,225,000
New Listing
50
$1,225,000

1157 Enamor Ct

Palm Springs, CA 92262

3 bd3 ba2,188 sqft$560/ft²
House15,246 sqft lot

Jason Cochran · Desert Sotheby's International Realty

View photos & details
4 bedroom house for sale at 3172 E San Martin Cir Palm Springs 92264 - $1,385,000
New Listing
$1,385,000

3172 E San Martin Cir

Palm Springs, CA 92264

4 bd3 ba2,478 sqft$559/ft²
House13,504 sqft lot

Robert Norton · Prestige Properties

View photos & details

Looking to buy in Palm Springs?

Get connected with a local real estate expert — free, no obligation.

Active listings

775

Homes on market

Median list price

$742K

Avg. days on market

67

Days until sale

New this week

182

Newly listed

Price drops:30.3%of listings
Sale-to-list:97.3%

Who lives in Palm Springs?

Population

44,998

Median income

$71,979/yr

Median age

57.8 years

Owner-occupied

65.0%

College grads

45.1%

Avg commute

23.3 min

Source: U.S. Census Bureau ACS

What are homes worth in Palm Springs?

Zillow home value

$619,612

Zillow rent index

$2,201/mo

Price-to-rent ratio

23.5x

Price-to-income

8.6x

Source: Zillow Research

What is it like to live in Palm Springs?

Palm Springs is a community of approximately 45K residents with a median age of 57.8 years.The median household income is $71,979, which represents a working-class community with solid middle-income opportunities. 45.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 65.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palm Springs offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Palm Springs?

8 schools tracked · 4,810 students

The largest public schools serving Palm Springs, 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 Springs High

Grades 9-12 · 1,508 students

Public

Cielo Vista Charter

Grades K-8 · 850 students

Charter

Raymond Cree Middle

Grades 6-8 · 710 students

Public

Katherine Finchy Elementary

Grades K-5 · 476 students

Public

Vista del Monte Elementary

Grades K-5 · 471 students

Public

Cahuilla Elementary

Grades K-5 · 413 students

Public

Desert Learning Academy

Grades K-12 · 378 students

Alternative

Virtual Pre

Grade range n/a · 4 students

Public

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 Springs, CA?

Want a head-to-head view? Compare Palm Springs side-by-side with any other U.S. city using our market-comparison tool.

Which ZIP codes are in Palm Springs?

Is Palm Springs a good real estate investment market?

For investors evaluating Palm Springs, the price-to-rent ratio of 23.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.6% 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 Springs's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palm Springs's median home price.

Frequently asked questions

What is the average home price in Palm Springs?

The median home sale price in Palm Springs is $656,000, up 2.6% from last year.

How long do homes stay on market in Palm Springs?

Homes typically spend 67 days on market before going under contract.

What is the median income in Palm Springs?

The median household income is $71,979 per year.

Is Palm Springs a buyer's or seller's market?

With 5.8 months of supply, Palm Springs is currently a buyer's market.

How many homes are for sale in Palm Springs?

There are currently 775 homes listed for sale in Palm Springs, CA.

What is the Zillow home value estimate for Palm Springs?

The Zillow Home Value Index (ZHVI) for Palm Springs is $619,612, representing the typical home value in the area.

What is the median condo price in Palm Springs?

The median condo/co-op sale price in Palm Springs, CA is $416,250, compared to $1.18M for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Palm Springs?

The median single-family home price in Palm Springs, CA is $1.18M (about $618 per square foot).

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