Canavan Coit & Associates' knowledgeable and experienced local team is here for you every step of the way! Let our experts take care of all the details - start exploring today!
The Palm Springs housing market is relatively relaxed. On average, homes in Palm Springs receive two offers and take about 88 days to sell. Last month, the median sale price for a home in Palm Springs was $598K, reflecting a 0.4% increase from the previous year. Additionally, the median price per square foot rose to $430, marking a 4.4% year-over-year increase.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In October 2024, home prices in Palm Springs saw a modest increase of 0.4% compared to the previous year, with a median sale price of $598K. Homes took an average of 88 days to sell, significantly longer than the 52 days observed in October 2023, indicating a slowdown in market activity. However, the number of homes sold in October rose to 104, up from 97 last year, suggesting a steady demand despite extended market times. This mix of longer selling periods and slightly higher sales volume could point to buyers becoming more selective or cautious in a shifting market.
In October 2024, Palm Springs, CA, was a buyer's market, indicating that the supply of homes exceeded the demand. This environment provides buyers with more options and negotiating power, often resulting in longer listing times and potentially lower sale prices as sellers compete to attract offers.
If you have any questions or are ready to take the exciting step of buying a property, don't hesitate to reach out to us! Our team is dedicated to providing you with expert guidance and support throughout your real estate journey. Whether you're seeking more information or are eager to start the process, we're here to help. Contact us today to begin making your property dreams a reality!
Step into the vibrant lifestyle of Palm Springs, where mid-century modern charm meets desert luxury. From iconic architecture and world-class golf courses to trendy dining and serene spa retreats, our neighborhood guide has everything you need to explore this desert oasis. Click below to uncover the unique appeal of Palm Springs and find your perfect slice of paradise!
The greatest benefits they offer are proven abilities to match extraordinary buyers with sensational properties that fit their lifestyles and to make sure their valued sellers get top dollar from their real estate transactions.
