Palm Desert, CA Housing Market
Median List Price
$542,000
Updated August 2026
Today, Palm Desert has 562 homes for sale at a median list price of $542,000, typically selling in about 70 days.
Palm Desert Market Analysis
Palm Desert, CA currently shows a median list price of $542,000. There are 562 homes currently listed for sale in Palm Desert, CA. 138 new listings came on the market in the last 30 days.
One bedroom homes are the most affordable tier at a median of $289,900, while five bedroom homes top the range at $857,000. The housing stock skews toward condos, at about 51.8% of active listings, with single family homes accounting for another 45.9%. Over the last six months, the median price has risen about 15.2%, from $534,000 in February to $615,000 in July. Median pricing works out to $329 per square foot.
Median time from listing to accepted offer is about 51 days. Addresses here fall across the 92211 and 92260 ZIP codes.
Palm Desert Rental Market
Palm Desert, CA currently shows a median asking rent of $4,500. There are 408 homes currently listed for rent in Palm Desert, CA. Over the last six months, the median rent has risen about 60.0%, from $2,500 in February to $4,000 in July.
Palm Desert Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 70 days to sell, and 6.2 months of supply is more than current demand absorbs. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$542K
↑ 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
6.2 months of supply
Ample Supply562 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 ~70 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The slowdown has deepened 6% versus six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 43% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Palm Desert
Homeownership is higher than average, and most households in this area own rather than rent.
64%
Homeowners
36%
Renters
Homeownership is 8.5 points higher than the California average (55.5%)
24,145 households (2023)
Affordability Snapshot
Typical home cost
$3,740/mo
Actual housing expense
Affordable budget (28%)
$1,680/mo
Based on median income
Median household income
$5,998/mo
Palm Desert
A typical home costs about 62% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$160K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $341K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$689K)
Price Reductions
235 listings have reduced their price
42% of active listings
Average reduction: 6.7% (~$36K)
Browse Palm Desert Listings
Frequently Asked Questions about the Palm Desert, CA Housing Market
What is the median home price in Palm Desert, CA?
The median list price in Palm Desert is $542,000 as of August 2026, based on 562 active listings.
Is Palm Desert a buyer's market or a seller's market?
Palm Desert currently reads as a strong buyer's market. Active inventory works out to about 6.2 months of supply at the recent sales pace.
How fast do homes sell in Palm Desert?
Homes that closed in the last 90 days typically went under contract in about 51 days. The average home currently for sale has been on the market for 70 days.
Are home prices in Palm Desert going up or down?
The median sale price in Palm Desert is up about 5.5% compared with a year ago.
How many homes are for sale in Palm Desert, CA?
There are 562 homes for sale in Palm Desert right now, including 30 listed within the last week.
What is the median rent in Palm Desert?
The median asking rent in Palm Desert is $4,500 per month, across 408 active rental listings.