Palm Springs, CA
Housing market overview · Updated weekly
$650,000median sale price
Homes sold
139
Last 12 weeks
Days on market
94
Average pace
Active listings
808
5.8 months supply
Sale-to-list
97.2%
Below asking
The Palm Springs housing market is currently classified as a buyer's market with a median sale price of $650,000. Prices have fallen 4.4% compared to last year, with homes spending an average of 94 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.
Market trends
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Frequently asked questions
What is the average home price in Palm Springs?
The median home sale price in Palm Springs is $650,000, down 4.4% from last year.
How long do homes stay on market in Palm Springs?
Homes typically spend 94 days on market before going under contract.
Is Palm Springs a buyer's or seller's market?
With 5.8 months of supply, Palm Springs is currently a buyer's market.
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