Palm Springs, CA Housing Market
Median List Price
$695,000
Updated August 2026
Today, Palm Springs has 579 homes for sale at a median list price of $695,000, typically selling in about 62 days.
Palm Springs Market Analysis
Buyers in Palm Springs, CA are looking at a median list price of $695,000. On a per square foot basis, the median runs $421. Since February, the median price has moved up about 3.8% to $675,000 as of July.
It takes about 48 days for the typical home here to go under contract. Palm Springs, CA has 579 active listings on the market right now. 139 new listings came on the market in the last 30 days.
Pricing spreads from a $227,000 median for one bedroom homes to $3.1M for five bedroom homes. Most of what is for sale here is condos, about 49.4% of the mix, with single family homes accounting for another 48.0%. The area spans the 92262 and 92264 ZIP codes.
Palm Springs Rental Market
Renters in Palm Springs, CA are looking at a median asking rent of $3,800. Since February, the median rent has moved up about 3.8% to $2,750 as of July. Palm Springs, CA has 207 active rental listings on the market right now.
Palm Springs Market Pulse
Topfind Market Read
Buyers hold the edge right now. Sale prices have eased 7% over the last six months, and the typical home takes about 62 days to sell. At the same time, sales volume is up 21% 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
$695K
↑ 0% 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
5.8 months of supply
Balanced Supply579 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~62 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 9% 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 Springs
Homeownership is higher than average, and most households in this area own rather than rent.
65%
Homeowners
35%
Renters
Homeownership is 9.5 points higher than the California average (55.5%)
24,297 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $874K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$2.2M)
Price Reductions
230 listings have reduced their price
40% of active listings
Average reduction: 6.6% (~$46K)
Browse Palm Springs Listings
Frequently Asked Questions about the Palm Springs, CA Housing Market
What is the median home price in Palm Springs, CA?
The median list price in Palm Springs is $695,000 as of August 2026, based on 579 active listings.
Is Palm Springs a buyer's market or a seller's market?
Palm Springs currently reads as a buyer's market. Active inventory works out to about 5.8 months of supply at the recent sales pace.
How fast do homes sell in Palm Springs?
Homes that closed in the last 90 days typically went under contract in about 48 days. The average home currently for sale has been on the market for 62 days.
Are home prices in Palm Springs going up or down?
The median sale price in Palm Springs is roughly flat compared with a year ago.
How many homes are for sale in Palm Springs, CA?
There are 579 homes for sale in Palm Springs right now, including 41 listed within the last week.
What is the median rent in Palm Springs?
The median asking rent in Palm Springs is $3,800 per month, across 207 active rental listings.