92240 Housing Market
Median List Price
$445,000
Updated August 2026
Today, the 92240 ZIP code in Desert Hot Springs, CA has 172 homes for sale at a median list price of $445,000, typically selling in about 49 days.
92240 Housing Market Overview
Buyers in the 92240 ZIP code are looking at a median list price of $445,000. That sits close to the overall Desert Hot Springs figure. Since February, the median price has moved down about 7.2% to $370,250 as of July. The 92240 ZIP code has 172 active listings on the market right now. Pricing spreads from an $89,900 median for one bedroom homes to $689,500 for six bedroom homes.
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.
Median Home Price
$445K
↓ 6% over the past yearChart shows the median closed sale price by month
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.
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.
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.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 52% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92240 Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
50%
Homeowners
50%
Renters
Homeownership is 5.5 points lower than the California average (55.5%)
11,432 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
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 listings have reduced their price
37% of active listings
Average reduction: 5.6% (~$25K)
Browse 92240 Listings
Frequently Asked Questions about the 92240 Housing Market
What is the median home price in the 92240 ZIP code?
The median list price in the 92240 ZIP code is $445,000 as of August 2026, based on 172 active listings.
Is the 92240 ZIP code a buyer's market or a seller's market?
The 92240 ZIP code currently reads as a balanced market. Active inventory works out to about 6.6 months of supply at the recent sales pace.
How fast do homes sell in the 92240 ZIP code?
The average home currently for sale in the 92240 ZIP code has been on the market for 49 days.
Are home prices in the 92240 ZIP code going up or down?
The median sale price in the 92240 ZIP code is down about 6.4% compared with a year ago.
How many homes are for sale in the 92240 ZIP code?
There are 172 homes for sale in the 92240 ZIP code right now, including 11 listed within the last week.