Search homes for sale in Palm Desert, a place that offers a variety of cultural and recreational activities for its residents and visitors.
The Palm Desert housing market shows low competition, with homes typically receiving one offer on average and taking around 77 days to sell. Last month, the median sale price for homes in Palm Desert was $660K, marking a 10% increase from the previous year. The median price per square foot is currently $331, reflecting a 3.2% decrease year-over-year.
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Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In September 2024, home prices in Palm Desert rose by 10% from the previous year, reaching a median of $660K. Homes in the area are now spending more time on the market, averaging 77 days before sale, a noticeable increase from 48 days last year. This longer market time suggests a cooling in buyer urgency, even as prices climb. Additionally, only 65 homes were sold in September this year, slightly down from 67 in the same period last year, indicating a slight dip in sales activity. This combination of rising prices and slower sales pace reflects shifting dynamics in the Palm Desert market.
The Palm Desert housing market remains relatively relaxed, with homes typically taking about 72.5 days to sell. Multiple offers are uncommon, and homes generally sell for about 3% below the list price, going pending in around 73 days. However, "hot" homes—those in high demand—tend to perform better, often selling close to the list price and going pending in approximately 32 days. This trend shows a clear divide between standard listings and properties with stronger appeal, highlighting selective buyer interest in the market.
Recent migration trends indicate that 5% of homebuyers nationwide are considering relocating to Palm Desert from other metropolitan areas. Notably, a significant number of these prospective buyers are from San Francisco, followed by New York and Hermiston. This influx from major cities suggests that Palm Desert's housing market is attracting attention from those seeking new opportunities or lifestyle changes.
The place is home to many ranchers that boast of 1960s-style interiors and Mediterranean cottages and villas that exude Spanish charm and elegance. Other popular styles include mid-century modern homes with sloped roofs, luxury desert abodes, townhomes, condos, and single-family homes.
If you have any questions or are considering purchasing homes for sale in Palm Desert, don't hesitate to reach out. Our team is dedicated to providing you with all the information and support you need to make an informed decision. Whether you're a first-time buyer or an experienced investor, we're here to guide you through every step of the process.
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