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Palm Springs

Why you'd want to live in Palm Springs

Palm Springs is the place to enjoy life. Often described as a small city with the cultural amenities of an urban area, the shopping, entertainment, dining and recreational opportunities are first-class. Palm Springs lies on the western edge of the Coachella Valley in central Riverside County approximately 107 miles east of Los Angeles. It is within the ecological area known as the Colorado Desert and is 487 feet above sea level. Rising behind the downtown is the impressive Mt. San Jacinto, elevation 10,831 feet. Palm Springs covers a geographical area of 96 square miles with well-established neighborhoods. Recently there has been a fascination with mid-century modern architecture - something Palm Springs is proud to have as part of its mix of eclectic design styles. Because it is only a two-hour drive from Los Angeles, Orange and San Diego counties, there are a large number of second homes in Palm Springs. The permanent population is 43,800 as of 2001, with another 27,000 to 30,000 people living in the City in the winter, bringing the total population to almost 75,000 residents during the winter season. via palmspringsca.gov

Palm Springs Market Report

$1,119,543

AVERAGE PRICE OF 1,125 HOMES

$2,025,103

AVERAGE PRICE OF 457 MULTI-MILLION DOLLAR HOMES

$1,598,319

AVERAGE PRICE OF 56 NEWLY BUILT HOMES

$1,206,061

AVERAGE PRICE OF 852 HOMES WITH A POOL

$737,790

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

$707,532

AVERAGE PRICE OF 9 DISTRESSED HOMES

Average Home

Average Price $1,119,543
Avg Bedrooms 2.62 beds
Avg Bathrooms 2.54 baths

Average Price by Bedrooms

1 bedroom $265,919
2 bedrooms $584,348
3 bedrooms $1,189,418
4 bedrooms $1,954,749
5 bedrooms $3,469,976
Palm Springs Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 1,128 981 832 807 879
Average Price $1,156,520 $1,139,325 $1,070,617 $1,079,684 $1,110,507
Avg Price Change +1.51% +6.42% -0.85% -2.85% -1.63%
Median Price $852,973 $834,832 $765,854 $792,689 $820,761
Med Price Change +2.17% +9.01% -3.50% -3.54% +0.83%
Avg Bedrooms 2.66 beds 2.61 beds 2.55 beds 2.57 beds 2.63 beds
Avg Bathrooms 2.55 baths 2.51 baths 2.46 baths 2.49 baths 2.54 baths
Home Price by High School
School Name Total Homes Average Price
Cathedral City 2 $596,500
Palm Springs 55 $1,321,611
Home Price by House Size
Total Homes Average Price
All Homes 1,125 $1,119,543
Multi-Million Dollar Homes 457 $2,025,103
Newly Built Homes 56 $1,598,319
Homes with a Pool 852 $1,206,061
Reduced Price Homes 45 $737,790
Distressed Homes 9 $707,532
The Firm Brokerage
Morgan Janney
74399 Hwy 111, Suite D
Palm Desert, CA 92260
442-234-2984
DRE# 02028791
Kyndra Wright
51555 Desert Club Dr.
La Quinta, CA 92253
760-238-8486

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Based on information from California Regional Multiple Listing Service, Inc. as of December 8, 2023. 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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