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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

$855,437

AVERAGE PRICE OF 618 HOMES

$363,377

AVERAGE PRICE OF 9 DISTRESSED HOMES

$2,477,372

AVERAGE PRICE OF 133 MULTI-MILLION DOLLAR HOMES

$820,477

AVERAGE PRICE OF 48 NEWLY BUILT HOMES

$940,710

AVERAGE PRICE OF 408 HOMES WITH A POOL

$757,015

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $855,437
Avg Bedrooms 2.17 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $190,937
2 bedrooms $427,111
3 bedrooms $851,321
4 bedrooms $1,419,186
5 bedrooms $2,891,354
Palm Springs Home Price Trends
  3/2021 2/2021 1/2021 12/2020 11/2020
Total Listings 600 n/a n/a n/a n/a
Average Price $801,171 n/a n/a n/a n/a
Avg Price Change n/a n/a n/a n/a n/a
Median Price $419,500 n/a n/a n/a n/a
Med Price Change n/a n/a n/a n/a n/a
Avg Bedrooms 2.08 beds n/a n/a n/a n/a
Avg Bathrooms 2.08 baths n/a n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cathedral City 2 $325,000 25 days
Palm Springs 37 $1,055,144 17 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 618 $855,437 20 days
Distressed Homes 9 $363,377 25 days
Multi-Million Dollar Homes 133 $2,477,372 19 days
Newly Built Homes 48 $820,477 20 days
Homes with a Pool 408 $940,710 19 days
Reduced Price Homes 6 $757,015 21 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 April 21, 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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