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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

$1,262,124

AVERAGE PRICE OF 351 HOMES

$412,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,383,779

AVERAGE PRICE OF 144 MULTI-MILLION DOLLAR HOMES

$1,963,120

AVERAGE PRICE OF 10 NEWLY BUILT HOMES

$1,175,697

AVERAGE PRICE OF 286 HOMES WITH A POOL

$1,160,279

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $1,262,124
Avg Bedrooms 2.58 beds
Avg Bathrooms 2.44 baths

Average Price by Bedrooms

1 bedroom $258,128
2 bedrooms $553,784
3 bedrooms $1,259,977
4 bedrooms $1,662,047
5 bedrooms $3,012,333
Palm Springs Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 305 280 273 299 n/a
Average Price $1,315,622 $1,144,121 $1,115,651 $1,156,287 n/a
Avg Price Change +14.99% +2.55% -3.64% n/a n/a
Median Price $860,510 $761,913 $767,640 $812,670 n/a
Med Price Change +12.94% -0.75% -5.87% n/a n/a
Avg Bedrooms 2.58 beds 2.49 beds 2.54 beds 2.64 beds n/a
Avg Bathrooms 2.4 baths 2.3 baths 2.32 baths 2.46 baths n/a
Home Price by High School
School Name Total Homes Average Price
Palm Springs 32 $2,004,799
Home Price by House Size
Total Homes Average Price
All Homes 351 $1,262,124
Distressed Homes 2 $412,000
Multi-Million Dollar Homes 144 $2,383,779
Newly Built Homes 10 $1,963,120
Homes with a Pool 286 $1,175,697
Reduced Price Homes 14 $1,160,279