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Featured local agent — Palm Springs, FL
Sarah Mitchell
Compass Real Estate · Palm Springs, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palm Springs, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$300,000median sale price
How is the Palm Springs, FL housing market right now?
The median home sale price in Palm Springs, FL is $300,000, up 57.9% year-over-year. Homes sell in an average of 82 days with 124 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?
Palm Springs, FL is currently a buyer's market, based on 6.5 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
82
Average pace
Active listings
124
6.5 months supply
Sale-to-list
96.9%
Below asking
What does the Palm Springs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median list price | $172,450 |
| Year-over-year price change | +57.9% |
| Average days on market | 82 days |
| Active inventory | 124 listings |
| Months of supply | 6.5 months |
| Sale-to-list price ratio | 96.9% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 20 |
| Listings with a price cut | 22.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palm Springs by property type?
How the Palm Springs, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $430,000 | $302/sq ft | 9 | 47 days |
| Condo / Co-op | $74,500 | $87/sq ft | 6 | 218 days |
| Townhouse | $291,500 | $191/sq ft | 4 | 62 days |
Source: Redfin · Updated monthly
The Palm Springs housing market is currently classified as a buyer's market with a median sale price of $300,000. Prices have risen 57.9% compared to last year, with homes spending an average of 82 days on market, indicating 6.5 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 4.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palm Springs
There are currently 124 homes listed for sale in Palm Springs, Florida. The median listing price is $172K.
Active listings
124
Homes on market
Median list price
$172K
Avg. days on market
82
Days until sale
New this week
20
Newly listed
Who lives in Palm Springs?
Population
26,871
Median income
$59,602/yr
Median age
37.8 years
Owner-occupied
47.4%
College grads
15.9%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Palm Springs?
Zillow home value
$269,262
Zillow rent index
$2,126/mo
Price-to-rent ratio
10.6x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Palm Springs?
Palm Springs is a community of approximately 27K residents with a median age of 37.8 years.The median household income is $59,602, which represents a working-class community with solid middle-income opportunities. 15.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 47.4%, showing a blend of owner and renter-occupied properties. The average commute time is 26.4 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?
4 schools tracked · 4,458 students
The largest public schools serving Palm Springs, FL 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 MIDDLE SCHOOL
Grades 6-8 · 1,470 students
CLIFFORD O TAYLOR/KIRKLANE ELEMENTARY
Grades PK-5 · 1,265 students
PALM SPRINGS ELEMENTARY SCHOOL
Grades PK-5 · 1,081 students
PALM BEACH PREPARATORY CHARTER ACADEMY
Grades 9-12 · 642 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, FL?
Want a head-to-head view? Compare Palm Springs side-by-side with any other U.S. city using our market-comparison tool.
Is Palm Springs a good real estate investment market?
For investors evaluating Palm Springs, the price-to-rent ratio of 10.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 57.9% 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 $300,000, up 57.9% from last year.
How long do homes stay on market in Palm Springs?
Homes typically spend 82 days on market before going under contract.
What is the median income in Palm Springs?
The median household income is $59,602 per year.
Is Palm Springs a buyer's or seller's market?
With 6.5 months of supply, Palm Springs is currently a buyer's market.
What is the Zillow home value estimate for Palm Springs?
The Zillow Home Value Index (ZHVI) for Palm Springs is $269,262, 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, FL is $74,500, compared to $430,000 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, FL is $430,000 (about $302 per square foot).
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