
420 N Villa Ct Unit 202
Palm Springs, CA 92262
Frank Crumley · Town Real Estate
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Housing market overview · Updated monthly ·
$656,000median sale price
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.)
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
| Metric | Value |
|---|---|
| Median sale price | $656,000 |
| Median list price | $742,000 |
| Year-over-year price change | +2.6% |
| Average days on market | 67 days |
| Active inventory | 775 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $436/sq ft |
| Homes sold (latest month) | 133 |
| New listings (latest month) | 182 |
| Listings with a price cut | 30.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How the Palm Springs, 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 | $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 |
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.
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.

Palm Springs, CA 92262
Frank Crumley · Town Real Estate

Palm Springs, CA 92264
Charles Barenbrugge · Charles Estates

Palm Springs, CA 92262
Stephanie Taylor · Equity Union

Palm Springs, CA 92240
Susan Harvey · Desert Pacific Properties

Palm Springs, CA 92264
Joe Chung · Coldwell Banker Realty

Palm Springs, CA 92264
Sandra Quinn · Realty Trust

Palm Springs, CA 92262
Kennedy Bryan · DOMO Real Estate

Palm Springs, CA 92262
Leonardo Montenegro · Keller Williams Luxury Homes

Palm Springs, CA 92264
Courtney Pavelak · Shine RE Sales & Marketing Inc

Palm Springs, CA 92262
Dominique Madden · ACME Real Estate

Palm Springs, CA 92262
Jason Cochran · Desert Sotheby's International Realty

Palm Springs, CA 92264
Robert Norton · Prestige Properties
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Active listings
775
Homes on market
Median list price
$742K
Avg. days on market
67
Days until sale
New this week
182
Newly listed
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
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
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.
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.
Want a head-to-head view? Compare Palm Springs side-by-side with any other U.S. city using our market-comparison tool.
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.
The median home sale price in Palm Springs is $656,000, up 2.6% from last year.
Homes typically spend 67 days on market before going under contract.
The median household income is $71,979 per year.
With 5.8 months of supply, Palm Springs is currently a buyer's market.
There are currently 775 homes listed for sale in Palm Springs, CA.
The Zillow Home Value Index (ZHVI) for Palm Springs is $619,612, representing the typical home value in the area.
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.
The median single-family home price in Palm Springs, CA is $1.18M (about $618 per square foot).
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