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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. 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. Approximately 1 million tourists stay in hotels in Palm Springs annually while another 600,000 visitors stay in non-hotel accommodations. They are no doubt attracted by the weather, which includes some 350 days of sunshine. If you enjoy being active, there are hiking trails, bicycle routes, a water park and horseback riding. Don’t forget to check out the City’s library and museums. In downtown Palm Springs, the palm trees grow tall and straight along the City’s main drag - Palm Canyon Drive. That’s where the City’s many parades and festivals are staged. Cruise the one-way strip lined with antique shops, art galleries, boutiques, restaurants and night clubs and you’ll soon spot something that will catch your eye. Better yet, enjoy the downtown on foot and see the names of many Hollywood legends that grace the Walk of Stars. Once the trendy playground of Hollywood stars, Palm Springs maintains its chic charm. via palmspringsca.gov

Palm Springs Market Report

$1,186,800

AVERAGE PRICE OF 297 HOMES

$1,928,754

AVERAGE PRICE OF 132 MULTI-MILLION DOLLAR HOMES

$1,735,015

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$1,194,200

AVERAGE PRICE OF 293 HOMES WITH A POOL

$1,268,827

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $1,186,800
Avg Bedrooms 2.76 beds
Avg Bathrooms 2.7 baths

Average Price by Bedrooms

1 bedroom $290,941
2 bedrooms $696,528
3 bedrooms $1,237,215
4 bedrooms $1,972,754
5 bedrooms $3,284,988
Palm Springs Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 1,189 1,140 1,124 1,128 981
Average Price $1,123,540 $1,119,155 $1,123,615 $1,156,520 $1,139,325
Avg Price Change +0.39% -0.40% -2.93% +1.51% +6.42%
Median Price $844,852 $840,080 $842,041 $852,973 $834,832
Med Price Change +0.57% -0.23% -1.30% +2.17% +9.01%
Avg Bedrooms 2.66 beds 2.66 beds 2.63 beds 2.66 beds 2.61 beds
Avg Bathrooms 2.58 baths 2.57 baths 2.54 baths 2.55 baths 2.51 baths
Home Price by House Size
Total Homes Average Price
All Homes 297 $1,186,800
Multi-Million Dollar Homes 132 $1,928,754
Newly Built Homes 9 $1,735,015
Homes with a Pool 293 $1,194,200
Reduced Price Homes 24 $1,268,827
Desert Sotheby's International | Cochran Estates
Jason Cochran
111 South Palm Canyon Dr.
Palm Springs, CA 92262
323-243-6998
DRE# 01878277

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Based on information from California Regional Multiple Listing Service, Inc. as of March 4, 2024. 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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