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
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Palm Springs, CA Housing Market
Buyer's market-3.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Palm Springs, CA is worth $608,373, fell 3.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $656,000, +2.6% year over year (through May 2026). With 5.8 months of supply and homes going under contract in about 67 days, Palm Springs is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $608,373 home is about $3,248/mo in principal and interest.
Key numbers for Palm Springs, CA
Typical home value
$608,373
-3.5% in 12 months
Zillow, August 2026
Typical asking rent
$2,110/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$656,000
+2.6% year over year
Redfin, through May 2026
Days on market
67
Slow-moving
Redfin, through May 2026
Active listings
775
5.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$71,979
Home costs 8.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Palm Springs a buyer's or seller's market?
Buyer's market5.8 months of supply67 days on market97.3% of asking
Palm Springs, CA is a buyer's market, based on 5.8 months of supply and homes selling in about 67 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Palm Springs housing market data show?
Every row below is Redfin's final published month for Palm Springs, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $656,000 |
| Median list price | $742,000 |
| Year-over-year price change | +2.6% |
| Median price per sq ft | $436/sq ft |
| Median days on market | 67 days |
| Active inventory | 775 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 97.3% |
| Homes sold (that month) | 133 |
| New listings (that month) | 182 |
| Listings with a price cut | 30.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Palm Springs is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Palm Springs is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Palm Springs home prices moved?
Over the last three years the median sale price in Palm Springs, CA rose 9.4%, from $599,500 to $656,000. The live Zillow value series has fell 3.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.3% of Palm Springs listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.8 months while the sale-to-list ratio slips below its current 97.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Palm Springs?
Priced off the typical home value of $608,373 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $121,675 | $486,699 | $3,248/mo |
| 5% | $30,419 | $577,955 | $3,857/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,248, that implies roughly $139,193 a year before you add taxes and insurance. The median household in Palm Springs earns $71,979, about $67,214 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Palm Springs in the next 12 months?
Tell us your timeline. We send the Palm Springs market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Palm Springs?
Typical asking rent in Palm Springs, CA is $2,110/mo, against a typical home value of $608,373. That is a price-to-rent ratio of 24.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,248 a month — $1,138 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Palm Springs?
Active listings in Palm Springs, CA went from 946 in May 2025 to 775 in May 2026, a -18.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 842 | 149 |
| July 2025 | 746 | 140 |
| August 2025 | 670 | 135 |
| September 2025 | 714 | 220 |
| October 2025 | 782 | 252 |
| November 2025 | 786 | 173 |
| December 2025 | 749 | 157 |
| January 2026 | 809 | 232 |
| February 2026 | 853 | 249 |
| March 2026 | 846 | 242 |
| April 2026 | 828 | 217 |
| May 2026 | 775 | 182 |
Redfin, through May 2026
How does Palm Springs compare to California and the U.S.?
Palm Springs homes sell for $656,000 — 26% below the California median of $887,400. Against the national median of $410,700, Palm Springs runs 60% higher. Year-over-year, Palm Springs moved +2.6% against California's +3.4% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Palm Springs, CA | $656,000 | +2.6% | 67 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Palm Springs
What buyers should watch
- Months of supply, currently 5.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $609 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $608,373 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Palm Springs listing goes under contract in 67 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Palm Springs added 182 new listings against 133 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -3.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Palm Springs varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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.
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
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
New Listing
3
$350,658
Ruppert St
Palm Springs, CA 92240
Land1.75 acres
Susan Harvey · Desert Pacific Properties
View photos & details
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
View photos & details
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
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
View photos & details
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
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
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
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
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%
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. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.18M | $618/sq ft | 70 | 64 days |
| Condo / co-op | $416,250 | $350/sq ft | 58 | 71 days |
| Townhouse | $690,000 | $408/sq ft | 4 | 122 days |
Who lives in Palm Springs?
American Community Survey estimates for Palm Springs. U.S. Census ACS, 2023
Population
44,998
Households
24,297
Median income
$71,979/yr
Median age
57.8 years
Owner-occupied
65.0%
Median home value
$567,300
Median gross rent
$1,473/mo
Mean commute
23.3 min
65.0% of occupied homes in Palm Springs are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $567,300 against Zillow's $608,373 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,473/mo, below Zillow's $2,110/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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
Cielo Vista Charter
Grades K-8 · 850 students
Raymond Cree Middle
Grades 6-8 · 710 students
Katherine Finchy Elementary
Grades K-5 · 476 students
Vista del Monte Elementary
Grades K-5 · 471 students
Cahuilla Elementary
Grades K-5 · 413 students
Desert Learning Academy
Grades K-12 · 378 students
Virtual Pre
Grade range n/a · 4 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 Springs, CA?
Ordered by distance from Palm Springs, not by size. Compare Palm Springs side by side with any of them.
Which ZIP codes are in Palm Springs?
These are the ZIP codes we see on active Palm Springs listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Palm Springs housing market FAQ
Is Palm Springs a buyer's or seller's market?
Palm Springs, CA is currently a buyer's market. That read comes from 5.8 months of supply, homes going under contract in about 67 days, and sellers getting 97.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Palm Springs?
The typical home in Palm Springs, CA is worth $608,373 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $656,000, about $436 per square foot.
Is Palm Springs cheaper than the rest of California?
Palm Springs's median sale price of $656,000 is 26% lower than the California statewide median of $887,400, and 60% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Palm Springs?
Homes in Palm Springs, CA spent a median of 67 days on market before going under contract, versus 33 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Palm Springs?
At the current 30-year fixed rate of 7.03%, 20% down on a $608,373 home is about $3,248 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $139,193 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $71,979.
Are home prices rising in Palm Springs?
The typical home value in Palm Springs, CA fell 3.5% over the last 12 months, from $630,304 to $608,373 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Palm Springs?
Palm Springs ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Palm Springs?
That depends on your timeline, not on a headline. What the data says today: Palm Springs, CA is a buyer's market with 5.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 24.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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