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Palm Springs

Why you'd want to live in Palm Springs

Palm Springs is a very well-known resort city in the Coachella Valley. Located approximately 82 miles from Big Bear, 107 miles east of Los Angeles and 123 miles northeast of San Diego. Palm Springs covers approximately 94 square miles, making it the largest city in the county by land and area. Palm Springs is desired for biking, golf, hiking, horseback riding, swimming and tennis. This city is also famous for its mid-century modern architecture and design elements. Of the 33 neighborhoods, 7 have historical and cultural significance. This destination city is world renowned for some of the best hotels including the Parker Palm Springs, The Ace Hotel & Swim Club, The Saguaro, Avalon Hotel and Bungalows, and Hard Rock Hotel. Since the 1920s. via citytowninfo.com

Palm Springs Market Report

$1,085,349

AVERAGE PRICE OF 914 HOMES

$625,780

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,031,237

AVERAGE PRICE OF 352 MULTI-MILLION DOLLAR HOMES

$1,792,954

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$1,175,660

AVERAGE PRICE OF 678 HOMES WITH A POOL

$1,086,090

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $1,085,349
Avg Bedrooms 2.47 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $283,262
2 bedrooms $571,191
3 bedrooms $1,082,777
4 bedrooms $1,855,706
5 bedrooms $3,114,864
Palm Springs Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 898 880 886 784 677
Average Price $1,084,407 $1,098,240 $1,130,073 $1,121,766 $1,057,190
Avg Price Change -1.28% -2.90% +0.74% +6.11% +0.25%
Median Price $787,665 $789,300 $805,137 $798,616 $739,691
Med Price Change -0.21% -2.01% +0.82% +7.97% -1.07%
Avg Bedrooms 2.46 beds 2.47 beds 2.5 beds 2.43 beds 2.36 beds
Avg Bathrooms 2.37 baths 2.38 baths 2.39 baths 2.31 baths 2.22 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Palm Springs 58 $1,523,367 97 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 914 $1,085,349 92 days
Distressed Homes 5 $625,780 68 days
Multi-Million Dollar Homes 352 $2,031,237 85 days
Newly Built Homes 26 $1,792,954 151 days
Homes with a Pool 678 $1,175,660 83 days
Reduced Price Homes 48 $1,086,090 62 days
Better Homes and Gardens/Leaskou Partners
Michael Erives
200 N. Sunrise Way
Palm Springs, CA 92262
760-409-1903
DRE# 01954960

Based on information from California Regional Multiple Listing Service, Inc. as of February 29, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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