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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.

Palm Springs Market Report

$1,007,231

AVERAGE PRICE OF 592 HOMES

$323,500

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,456,533

AVERAGE PRICE OF 165 MULTI-MILLION DOLLAR HOMES

$1,197,801

AVERAGE PRICE OF 46 NEWLY BUILT HOMES

$1,020,468

AVERAGE PRICE OF 401 HOMES WITH A POOL

$1,071,062

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $1,007,231
Avg Bedrooms 2.25 beds
Avg Bathrooms 2.16 baths

Average Price by Bedrooms

1 bedroom $204,608
2 bedrooms $454,749
3 bedrooms $977,021
4 bedrooms $1,455,234
5 bedrooms $2,904,733
Palm Springs Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 572 553 580 600
Average Price n/a $1,008,869 $1,004,174 $926,379 $840,664
Avg Price Change n/a +0.47% +8.40% +10.20% +5.22%
Median Price n/a $579,538 $580,013 $521,566 $504,891
Med Price Change n/a -0.08% +11.21% +3.30% +9.25%
Avg Bedrooms n/a 2.18 beds 2.13 beds 2.09 beds 2.14 beds
Avg Bathrooms n/a 2.12 baths 2.14 baths 2.07 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 2 $282,500 32 days
Palm Springs 46 $1,145,670 102 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 592 $1,007,231 77 days
Distressed Homes 4 $323,500 154 days
Multi-Million Dollar Homes 165 $2,456,533 87 days
Newly Built Homes 46 $1,197,801 124 days
Homes with a Pool 401 $1,020,468 68 days
Reduced Price Homes 13 $1,071,062 58 days
Compass | Canavan Coit & Associates
74199 El Paseo
Palm Desert, CA 92260
760-835-1006
DRE# 00956865
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Based on information from California Regional Multiple Listing Service, Inc. as of December 8, 2021. 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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