Palm Springs Housing Market Report – July 2026
Here's a look at how the Palm Springs, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 165
- Median Sale Price: $655,000
- Average Sale Price: $1,044,088
- Average Price Per Sq Ft: $447
- Average Days on Market: 106
- Sale-to-List Price Ratio: 96.3%
Month-Over-Month Trends
Compared to June, the median sale price in Palm Springs moved 12.0% up (from $585,000 to $655,000). The number of homes sold was 14.9% down compared to the prior month (194 vs. 165). Average days on market shifted 5.0% up (101 days to 106 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 0.8% up (from $650,000 to $655,000). Sales volume is 15.4% up year-over-year.
What This Means
Palm Springs real estate is showing some mixed signals this July. The median price jumped 12 percent month-over-month to $655,000, which looks strong on the surface, but the year-over-year comparison tells a more cautious story—just a modest 0.8 percent gain. What's more telling is that homes are sitting on the market about a week longer than last month, now averaging 106 days. This suggests buyers are taking their time and negotiating harder, even though sellers are still capturing 96.3 percent of their asking price. The monthly sales dip of 14.9 percent shouldn't alarm us though; it's a normal seasonal pullback as summer winds down rather than a sign of broader weakness.
The real story here is inventory. With over 1,200 active listings and a healthy median asking price of $680,000, Palm Springs has swung toward a more balanced market. Buyers have legitimate options now after years of scarcity-driven competition. The price-per-square-foot holding steady at $447 reinforces that we're not seeing wild appreciation anymore. For anyone considering a move to the desert, this is shaping up to be a more rational buying environment than we've seen in several years.
Palm Springs Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92264 | 84 | $685,000 | $434 | 103 |
| 92262 | 81 | $655,000 | $459 | 108 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 69 | $999,000 | $548 |
| CONDOS | 62 | $399,950 | $371 |
| LAND | 15 | $4,346,500 | N/A |
| MOBILE | 7 | $125,000 | $167 |
| CONDO | 7 | $500,000 | $355 |
| OTHER | 3 | $2,525,000 | N/A |
| TOWNHOMES | 2 | $927,500 | $510 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 10 |
| $200K - $299K | 20 |
| $300K - $399K | 13 |
| $400K - $499K | 16 |
| $500K - $749K | 30 |
| $750K+ | 75 |
Current Active Listings
As of this report, there are 1,229 active listings in Palm Springs with a median asking price of $680,000 and an average of 104 days on market.
Thinking About Selling Your Palm Springs Home?
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