1 / 20
Price cut: $36,000 (8/26)
OPEN SUNDAY, 6PM - 8PM
$379,000FOR SALE
3 beds · 2 baths · 1,946 sqft
Equity Union
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171 homes in 92240
Homes for Sale in 92240
Desert Hot Springs, CA
11884 E Crescent Street, Desert Hot Springs, CA 92240
1 / 19
Price cut: $25,000 (8/11)
$140,000FOR SALE
2 beds · 1 baths · 829 sqft
KELLER WILLIAMS COVINA
1 / 20
Price cut: $3,000 (8/23)
OPEN SATURDAY, 5PM - 8PM
$375,000FOR SALE
3 beds · 2 baths · 1,747 sqft
Realty Masters & Associates
1 / 20
Price cut: $30,000 (7/27)
$205,000FOR SALE
1 beds · 1 baths · 788 sqft
Desert Sands Realty
1 / 20
3D TOUR
$450,000FOR SALE
4 beds · 2 baths · 1,650 sqft
Compass
1 / 30
Price cut: $35,000 (3/26)
$240,000FOR SALE
2 beds · 1 baths · 1,040 sqft
First Team Real Estate
1 / 20
Price cut: $20,100 (6/15)
3D TOUR
$304,900FOR SALE
2 beds · 1 baths · 1,089 sqft
RE/MAX Select One
1 / 20
Price cut: $60,000 (8/17)
3D TOUR
$1,589,000FOR SALE
12 beds · 8 baths · 5,808 sqft
HOM Realty Group, Inc.
1 / 20
Price cut: $21,000 (6/23)
VIRTUAL TOUR
$368,000FOR SALE
3 beds · 2 baths · 1,100 sqft
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
1 / 20
Price cut: $20,000 (8/13)
VIRTUAL TOUR
$380,000FOR SALE
3 beds · 2 baths · 1,404 sqft
Keller Williams LA Harbor
1 / 48
Price cut: $29,100 (6/8)
VIRTUAL TOUR
$399,900FOR SALE
2 beds · 2 baths · 1,881 sqft
KELLER WILLIAMS REALTY
1 / 18
Price cut: $55,000 (1/15)
$375,000FOR SALE
3 beds · 2 baths · 1,624 sqft
Keller Williams Realty
1 / 20
Price cut: $20,000 (8/19)
$169,000FOR SALE
2 beds · 2 baths · 988 sqft
Four Winds Realty, Inc
1 / 18
Price cut: $20,000 (7/25)
$189,900FOR SALE
2 beds · 2 baths · 1,509 sqft
JASON MITCHELL REAL ESTATE CALIFORNIA, INC.
1 / 20
Price cut: $65,100 (6/18)
$559,900FOR SALE
4 beds · 3 baths · 2,698 sqft
Berkshire Hathaway HomeServices California Properties
1 / 20
Price cut: $50,900 (6/6)
$449,000FOR SALE
4 beds · 2 baths · 1,929 sqft
Coldwell Banker Platinum Prop
About 92240 Real Estate
About Desert Hot Springs: The 92240 ZIP code is in Desert Hot Springs, CA. Desert Hot Springs is a city in Riverside County, California, United States. The city is located within the Coachella Valley geographic region. The population was 32,512 as of the 2020 census, up from 25,938 at the 2010 census. The city has experienced rapid growth since the 1970s when there were 2,700 residents. The city is commonly referred to by its initials, DHS.
Today, the 92240 area has 171 homes for sale with a median listing price of $445K. The average price per square foot is $255.
92240 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 6.6 months of supply is more than current demand absorbs, and sale prices have eased 5% over the last six months and are 6% below a year ago. At the same time, selling times have improved 23% versus six months ago, and sales volume is up 19% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Buyer leverageBalancedSeller leverage
Median Home Price
$445K
↓ 6% over the past yearChart shows the median closed sale price by month
$454.1K$413K$373.1K$333.2K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Supply
Estimated time to sell all listings at the current sales pace
6.6 months of supply
Ample Supply172 active listings, plenty of options to choose from.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
6.6
0369+
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~49 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 23% over the last six months.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
New
Active
Aging
Stale
About 52% of current listings are under 30 days old, while the rest have been up longer.
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Housing Tenure in 92240 Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
HomeownersRenters
50%
Homeowners
50%
Renters
Homeownership is 5.5 points lower than the California average (55.5%)
Higher renter rates typically mean more rental inventory and neighborhood turnover.
11,432 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
1 Bed$90K
2 Bed$316K
3 Bed$410K
4 Bed$479K
5 Bed$599K
Each additional bedroom adds about $127K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$226K)
Price Reductions
63
63 listings have reduced their price
37% of active listings
Average reduction: 5.6% (~$25K)
A sizable share of sellers have trimmed their asking price. Those listings are the clearest place to negotiate.
Explore Nearby Cities
Browse homes for sale in cities near Desert Hot Springs
Frequently Asked Questions about Homes for Sale in 92240, CA
How many homes are for sale in 92240, CA?
There are currently 171 homes for sale in 92240, ranging from $65,000 to $1,999,500. 11 of them hit the market within the last week.
What is the median home price in 92240?
The median list price in 92240 is $445,000. Price per square foot averages $255. Prices are down 6.4% compared to a year ago.
How fast do homes sell in 92240?
Homes in 92240 currently average 52 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
Looking for a home in 92240?
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