Palm Springs (92264), CA Real Estate Market Update – 012325
This Week’s Market Overview
The median list price for Palm Springs, CA 92264 is $725,000, reflecting solid value in this southern Palm Springs area known for residential appeal, mountain views, and proximity to hiking and amenities. Inventory currently stands at approximately 400 active homes, fostering balanced conditions with good selection for buyers during typical seasonal moderation.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 34 (Balanced to Slight Seller’s Advantage)
- Last Month’s MAI: 35
The MAI has moderated slightly month-over-month, indicating careful buyer participation. Updated homes, properties with strong curb appeal, and those in desirable neighborhoods continue to attract reliable interest.
Market Narrative
The 92264 market holds steady with signs of adjustment into early 2026. Median sale prices are near $650,000, down modestly around 5 percent year-over-year as buyers remain selective. Homes are averaging between 75 and 90 days on market with increased consideration time. Move-in-ready residences or those with desirable features secure consistent showings and closings, while properties needing updates or in entry-level segments face longer marketing periods, more frequent price adjustments, and enhanced buyer negotiating leverage.
Real-Time Market Profile
- Median List Price: $725,000
- Median Price of New Listings: $699,000
- Price per Square Foot: $435
- Average Days on Market: 85
- Median Days on Market: 72
- Price Decreased: 28% of listings
- Price Increased: 2% of listings
- Relisted Properties: 15%
- Inventory: 400 properties
- Median Rent: $4,200 / month
Market Segments
Palm Springs 92264 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,500,000+ | 3,000+ | 0.3 – 0.8 acre (estate/view) | 4–5+ | 3.5–5+ | 10–35 yrs | 2 | 1 | 90 |
| $800,000 to $1,500,000 | 2,000 to 3,000 | 0.2 – 0.5 acre | 3–4 | 3–4.5 | 15–40 yrs | 8 | 5 | 80 |
| $500,000 to $800,000 | 1,500 to 2,000 | Condo / Patio Home / Small lot | 2–3 | 2–3.5 | 20–50 yrs | 18 | 12 | 70 |
| Under $500,000 | 1,000 to 1,500 | Condo / Townhome | 1–3 | 1–3 | 30–60 yrs | 10 | 7 | 65 |
Conclusion
Palm Springs 92264 continues to offer appealing value in the Coachella Valley, with ample inventory providing buyers more time and choices. While activity has moderated and prices reflect some caution, demand remains solid for quality, well-located homes. Sellers who prepare effectively and price competitively can achieve positive results in desirable segments, while buyers benefit from broader selection and stronger negotiating positions across the range.
Contact Information
For personalized insights and exclusive opportunities in Palm Springs 92264, reach out to GrayWall Real Estate.
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