This Week’s Market Overview
The median list price for Palm Springs, CA 92262 is $825,000, showcasing ongoing appeal in this legendary desert destination celebrated for its mid-century design, resorts, and lively atmosphere. Inventory currently stands at approximately 480 active homes, encouraging balanced dynamics with plenty of options for buyers throughout typical seasonal variations.
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 gentle decline in MAI month-over-month highlights mindful buyer involvement. High-caliber homes, refreshed mid-century classics, and those in sought-after areas keep drawing notable interest and quicker progress.
Market Narrative
The 92262 market stays strong with some adaptation as early 2026 continues. Median sale prices hold around $725,000, down approximately 7 percent year-over-year amid selective buyer behavior. Homes are averaging between 75 and 95 days on market with added consideration time. Properties ready for occupancy in prime spots or featuring unique characteristics maintain reliable demand and successful closings, whereas those requiring renovations or in lower tiers encounter longer periods on market, additional price changes, and better bargaining positions for buyers.
Real-Time Market Profile
- Median List Price: $825,000
- Median Price of New Listings: $795,000
- Price per Square Foot: $465
- Average Days on Market: 88
- Median Days on Market: 72
- Price Decreased: 28% of listings
- Price Increased: 2% of listings
- Relisted Properties: 15%
- Inventory: 480 properties
- Median Rent: $4,800 / month
Market Segments
Palm Springs 92262 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,000,000+ | 3,500+ | 0.3 – 1+ acre (estate/gated) | 4–6+ | 4–6+ | 5–30 yrs | 3 | 2 | 95 |
| $1,000,000 to $2,000,000 | 2,200 to 3,500 | 0.2 – 0.5 acre | 3–5 | 3–5 | 10–40 yrs | 10 | 6 | 80 |
| $500,000 to $1,000,000 | 1,500 to 2,200 | Condo / Patio Home / Small lot | 2–4 | 2–4 | 20–50 yrs | 25 | 18 | 70 |
| Under $500,000 | 1,000 to 1,500 | Condo / Townhome | 1–3 | 1–3 | 30–60 yrs | 12 | 8 | 65 |
Conclusion
Palm Springs 92262 endures as one of the Coachella Valley’s most distinctive and sought-after markets. As buyers take advantage of greater inventory and extended decision periods relative to recent highs, demand for exceptional, well-situated, and character-rich homes continues to support pricing. Sellers who prioritize strong presentation and market-aligned pricing achieve favorable results in upper segments, while buyers benefit from wider variety and improved flexibility throughout the market.
Contact Information
For personalized insights and exclusive opportunities in Palm Springs 92262, reach out to GrayWall Real Estate.
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