Palm Springs Housing Market Report – April 2026
Here's a look at how the Palm Springs, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 179
- Median Sale Price: $669,000
- Average Sale Price: $941,103
- Average Price Per Sq Ft: $471
- Average Days on Market: 88
- Sale-to-List Price Ratio: 96.6%
Month-Over-Month Trends
Compared to March, the median sale price in Palm Springs moved 13.0% up (from $592,000 to $669,000). The number of homes sold was 1.6% down compared to the prior month (182 vs. 179). Average days on market shifted 1.1% down (89 days to 88 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 2.1% up (from $655,000 to $669,000). Sales volume is 2.9% up year-over-year.
What This Means
Palm Springs is showing some interesting mixed signals this April. The median price jumped 13 percent month-over-month to $669,000, which looks impressive on the surface, but here's the nuance: year-over-year growth is only 2.1 percent, suggesting this monthly spike is more seasonal than indicative of sustained momentum. Spring typically brings motivated buyers to the desert, and we're seeing that play out. The fact that homes are selling at 96.6 percent of list price indicates reasonably balanced conditions where buyers and sellers are meeting in the middle.
However, the slowdown in sales volume—down 1.6 percent from March and barely nudging ahead year-over-year—tells a different story. With 1,172 active listings on the market, inventory isn't constraining sales. Instead, this feels like the market is treading water. Homes still spend nearly three months on market, which isn't alarming but suggests buyers are taking their time and comparing options rather than competing fiercely.
The composition of sales is worth noting too: condos dominated at 50 percent of closings, reflecting Palm Springs' condo-heavy landscape. Overall, April looks like a decent spring market with healthy price movement, but underlying softness in volume suggests we're not experiencing the competitive frenzy some other California markets are seeing.
Palm Springs Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92264 | 91 | $625,000 | $447 | 80 |
| 92262 | 87 | $710,000 | $497 | 97 |
| 92282 | 1 | $440,000 | $341 | 63 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 89 | $499,000 | $398 |
| SINGLE_FAMILY | 78 | $1,214,569 | $598 |
| MOBILE | 12 | $180,250 | $158 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 10 |
| $200K - $299K | 17 |
| $300K - $399K | 13 |
| $400K - $499K | 20 |
| $500K - $749K | 37 |
| $750K+ | 80 |
Current Active Listings
As of this report, there are 1,172 active listings in Palm Springs with a median asking price of $659,950 and an average of 89 days on market.
Thinking About Selling Your Palm Springs Home?
If you're a homeowner in Palm Springs 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 Springs and throughout Riverside County — get a no-obligation cash offer today.