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Palm Springs

Why you'd want to live in Palm Springs

Whether it’s a round of golf in the winter or a massage at a first-class spa resort, 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

$1,178,167

AVERAGE PRICE OF 342 HOMES

$499,990

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,262,474

AVERAGE PRICE OF 133 MULTI-MILLION DOLLAR HOMES

$1,768,358

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$1,245,479

AVERAGE PRICE OF 265 HOMES WITH A POOL

$782,946

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $1,178,167
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.45 baths

Average Price by Bedrooms

1 bedroom $245,302
2 bedrooms $544,305
3 bedrooms $1,100,872
4 bedrooms $1,827,156
5 bedrooms $3,594,816
Palm Springs Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 332 324 344 364 397
Average Price $1,139,551 $1,126,076 $1,122,429 $1,167,894 $1,180,771
Avg Price Change +1.20% +0.32% -4.05% -1.10% -1.76%
Median Price $759,499 $731,866 $722,399 $732,616 $765,021
Med Price Change +3.78% +1.31% -1.41% -4.42% -3.04%
Avg Bedrooms 2.82 beds 2.71 beds 2.61 beds 2.58 beds 2.64 beds
Avg Bathrooms 2.42 baths 2.33 baths 2.4 baths 2.49 baths 2.53 baths
Home Price by High School
School Name Total Homes Average Price
Cathedral City 4 $764,250
Palm Springs 30 $1,332,845
Home Price by House Size
Total Homes Average Price
All Homes 342 $1,178,167
Distressed Homes 1 $499,990
Multi-Million Dollar Homes 133 $2,262,474
Newly Built Homes 19 $1,768,358
Homes with a Pool 265 $1,245,479
Reduced Price Homes 15 $782,946