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Palm Springs

Why you'd want to live in Palm Springs

Palm Springs, California lies on the western edge of the Coachella Valley, within the Colorado Desert. Located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, it's an easy two hour drive. The permanent year-round population is about 45,000, and doubles during the winter season. Palm Springs has more than 350 days of sunshine with less than 5 inches of rain. Winter temperatures average in the 70's with nights in the mid-40's. The dry desert heat of summer pushes daytime temperatures into the 100's, which is enjoyed by sun seekers from around the globe. The geography of Palm Springs is what creates the famed warm, dry climate. At 487 feet above sea level, Palm Springs is sheltered by the Little San Bernardino Mountains to the north, the Santa Rosa Mountains on the south, and the San Jacinto Mountains to the west. via visitpalmsprings.com

Palm Springs Market Report

$764,934

AVERAGE PRICE OF 533 HOMES

$364,940

AVERAGE PRICE OF 10 DISTRESSED HOMES

$2,354,151

AVERAGE PRICE OF 89 MULTI-MILLION DOLLAR HOMES

$1,052,274

AVERAGE PRICE OF 24 NEWLY BUILT HOMES

$850,072

AVERAGE PRICE OF 433 HOMES WITH A POOL

$721,937

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $764,934
Avg Bedrooms 2.54 beds
Avg Bathrooms 2.52 baths

Average Price by Bedrooms

1 bedroom $206,287
2 bedrooms $402,147
3 bedrooms $820,884
4 bedrooms $1,369,006
5 bedrooms $4,263,134
Palm Springs Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 616 666 735 737 748
Average Price $787,493 $767,600 $718,620 $680,638 $634,038
Avg Price Change +2.59% +6.82% +5.58% +7.35% +4.55%
Median Price $480,547 $461,670 $477,551 $460,518 $443,215
Med Price Change +4.09% -3.44% +3.70% +3.90% -2.34%
Avg Bedrooms 2.6 beds 2.59 beds 2.58 beds 2.56 beds 2.55 beds
Avg Bathrooms 2.58 baths 2.56 baths 2.54 baths 2.53 baths 2.48 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Catcit 2 $254,450 54 days
Palspr 51 $842,519 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 533 $764,934 89 days
Distressed Homes 10 $364,940 131 days
Multi-Million Dollar Homes 89 $2,354,151 87 days
Newly Built Homes 24 $1,052,274 82 days
Homes with a Pool 433 $850,072 87 days
Reduced Price Homes 16 $721,937 46 days
GK Leonard Real Estate, LLC
Greg & Kippi Leonard, Bennion Deville Homes
44530 San Pablo Ave., Suite 101
Palm Desert, CA 92260
760-601-5944
760-601-5998
DRE# 02090743 02094306

Based on information from California Regional Multiple Listing Service, Inc. as of January 20, 2021. 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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