Palm Desert Housing Market Report – May 2026
Here's a look at how the Palm Desert, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 185
- Median Sale Price: $550,000
- Average Sale Price: $798,797
- Average Price Per Sq Ft: $336
- Average Days on Market: 97
- Sale-to-List Price Ratio: 95.8%
Month-Over-Month Trends
Compared to April, the median sale price in Palm Desert moved 2.0% down (from $561,500 to $550,000). The number of homes sold was 22.3% down compared to the prior month (238 vs. 185). Average days on market shifted 7.8% up (90 days to 97 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.8% up (from $515,000 to $550,000). Sales volume is 12.3% down year-over-year.
What This Means
Palm Desert's housing market is showing mixed signals as we head into summer. While the year-over-year median price is up 6.8 percent to $550,000, we're seeing softening momentum month-to-month, with prices dipping 2 percent and sales volume dropping 22.3 percent from April. This seasonal slowdown is fairly typical for the Coachella Valley as temperatures climb, but it's worth noting that homes are taking longer to sell—now averaging 97 days compared to 90 days last month. The silver lining is that sellers aren't having to slash prices dramatically; homes are still fetching 95.8 percent of their listing price, which suggests the market remains relatively balanced.
The supply picture tells an interesting story. With 1,185 active listings on the market, inventory is healthy, and interestingly, the median asking price sits just slightly below actual sale prices. This suggests sellers are pricing realistically rather than testing the market with inflated expectations. Single-family homes dominate sales at 94 units, though condos remain a solid segment at 59 sales. If you're buying in Palm Desert right now, you have options and time to negotiate. For sellers, patience will be key through the summer months.
Palm Desert Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92211 | 99 | $560,000 | $314 | 98 |
| 92260 | 86 | $502,500 | $364 | 94 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 94 | $637,642 | $359 |
| CONDOS | 59 | $480,000 | $344 |
| MOBILE | 16 | $240,000 | $159 |
| LAND | 7 | $807,000 | N/A |
| CONDO | 6 | $490,000 | $357 |
| MULTI_FAMILY | 2 | $820,000 | N/A |
| OTHER | 1 | $1,025,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 4 |
| $200K - $299K | 10 |
| $300K - $399K | 32 |
| $400K - $499K | 30 |
| $500K - $749K | 53 |
| $750K+ | 54 |
Current Active Listings
As of this report, there are 1,185 active listings in Palm Desert with a median asking price of $545,000 and an average of 99 days on market.
Thinking About Selling Your Palm Desert Home?
If you're a homeowner in Palm Desert considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Palm Desert and throughout Riverside County — get a no-obligation cash offer today.
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