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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. Palm Springs lies on the western edge of the Coachella Valley in central Riverside County approximately 107 miles east of Los Angeles. It is within the ecological area known as the Colorado Desert and is 487 feet above sea level. Rising behind the downtown is the impressive Mt. San Jacinto, elevation 10,831 feet. Palm Springs covers a geographical area of 96 square miles with well-established neighborhoods. Recently there has been a fascination with mid-century modern architecture - something Palm Springs is proud to have as part of its mix of eclectic design styles. 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. via palmspringsca.gov

Palm Springs Market Report

$1,211,950

AVERAGE PRICE OF 248 HOMES

$1,886,261

AVERAGE PRICE OF 124 MULTI-MILLION DOLLAR HOMES

$1,716,594

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$1,220,977

AVERAGE PRICE OF 241 HOMES WITH A POOL

$1,148,400

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $1,211,950
Avg Bedrooms 2.77 beds
Avg Bathrooms 2.69 baths

Average Price by Bedrooms

1 bedroom $245,194
2 bedrooms $618,243
3 bedrooms $1,291,416
4 bedrooms $2,061,700
5 bedrooms $3,835,000
Palm Springs Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 242 197 155 149 175
Average Price $1,253,348 $1,209,206 $1,129,265 $1,190,636 $1,245,072
Avg Price Change +3.65% +7.08% -5.43% -4.57% +1.43%
Median Price $1,028,110 $978,962 $880,131 $991,666 $979,218
Med Price Change +5.02% +11.23% -12.67% +1.27% +5.19%
Avg Bedrooms 2.82 beds 2.78 beds 2.73 beds 2.74 beds 2.78 beds
Avg Bathrooms 2.71 baths 2.7 baths 2.69 baths 2.7 baths 2.72 baths
Home Price by House Size
Total Homes Average Price
All Homes 248 $1,211,950
Multi-Million Dollar Homes 124 $1,886,261
Newly Built Homes 13 $1,716,594
Homes with a Pool 241 $1,220,977
Reduced Price Homes 7 $1,148,400
Coldwell Banker Realty
Chase Owens
72605 CA-111
Palm Springs, CA 92260
310-418-5274
CalDRE#02019767

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