Palm Springs, CA Home Values & Market Trends

Real estate market trends reflect that there have been 1,696 transactions over the past year in Palm Springs. The median value for residential home transactions that occurred over the previous year is $672,497.07. The number of current listings in Palm Springs is 512, and the percentage of properties for sale in the city is 512.00%. Palm Springs, CA currently has 72 properties in foreclosure, 6 bank owned properties, 11 properties headed for auction, and 512 properties for sale.

Palm Springs, CA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
92262

$ 875,000

$ 513/sqft

92264

$ 880,750

$ 455/sqft

Housing Market Summary for Palm Springs, CA

Apr 2023March 2024Change
Median Listing Price$749.9K$757K0.95%
Median Sold Price$696.7K$757K8.65%
Homes For Sale38951732.90%
Homes Sold1,1321,072-5.30%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Palm Springs, CA

Palm Springs home values range from $65,116 to $10,800,000. The median estimated value of a home in Palm Springs is $672,497.07. The median list price of a home is 849,700, and the total count of properties in the city is 30,252.

Foreclosure
There are 2 zips within Palm Springs, CA; within these zips, the median estimated home value for homes in foreclosure ranges from $4,950,000 in 92262 to the lowest value of $268,750 in 92262. Foreclosure homes account for 0.00% of properties in Palm Springs, CA with 92262 containing 42 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.18% of all residential properties in Palm Springs, CA with 92262 containing 31 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Palm Springs, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,614,000 in 92264 to the lowest home value of $268,750 in 92262.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palm Springs, CA ranges from the highest value of $905,450 in 92264 to the lowest value of $275,500 in 92262. Bank owned homes and properties account for 0.02% of properties in Palm Springs, CA. There are 2 zips within Palm Springs, CA; 92262 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    92262 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Palm Springs, CA. Auction homes and other auction properties account for 0.04% of all properties in Palm Springs, CA. There are 2 zips within Palm Springs, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,795,000 in 92264 to the lowest value of $280,000 in 92264.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.69% of residential properties in Palm Springs, CA with 92262 containing 275 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Palm Springs, CA; homes for sale in those zips, have a range of median values from $4,975,000 in 92264 to the lowest value of $189,900 in 92262.
    Sold Homes
    The median value for recently sold homes ranges from $3,693,879 in 92264 to the lowest price of $75,754 in 92264. There are 2 zips within Palm Springs, CA. 92262 has 622 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.76% of properties in Palm Springs, CA.

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      Guide for Palm Springs, CA

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