Click here for the full ALTOS Market Report for January 2025.
As of January 2025, the Palm Springs housing market is brimming with unique opportunities for both buyers and sellers. Whether you’re considering making this sunny oasis your home or planning your next investment, this market breakdown has you covered.
The Palm Springs Housing Market at a Glance
The Palm Springs real estate market is currently experiencing a slight buyer’s advantage. Here are some quick stats to bring you up to speed:
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Median List Price: $1,197,362
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Median Price per Square Foot: $604
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Inventory: 364 homes
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Average Days on Market: 125
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Median Days on Market: 84
So, what does this mean for you? Buyers have a golden window to negotiate deals while sellers need to price competitively to stand out.
Current Inventory: The State of the Market
Inventory in Palm Springs has dipped slightly, sitting at 364 homes. The average property takes 125 days to sell, with the median hovering at 84 days. Notably, the 19% relisting rate indicates that many properties aren’t selling on the first attempt. This market behavior suggests that while buyers have options, sellers must make their homes irresistible – so think competitive pricing and impeccable staging.
Price Trends: A Segmented Look
Let’s break down the market by price segments:
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Luxury Segment: Median price of $2,575,000
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High-End Segment: Median price of $1,399,000
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Mid-Tier Segment: Median price of $1,045,000
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Entry-Level Segment: Median price of $724,000
Prices across most segments have plateaued, with the high-end market showing slight growth. This stability presents excellent opportunities for buyers looking for value and sellers aiming to capitalize on favorable conditions.
Rental Market Insights
Palm Springs is not just a haven for homeowners; it’s also a goldmine for investors. The median rent here stands at $6,000 per month, making short-term rentals a lucrative venture. With year-round demand from vacationers, purchasing an investment property can provide significant passive income.
What’s Next for Palm Springs Real Estate in 2025?
As we look ahead into 2025, tightening inventory could push the market toward a seller’s advantage, potentially increasing prices. Buyers have an opportunity to lock in deals now, while sellers should focus on strategic pricing and presentation to capture buyer interest.
Thinking About Selling? Get a Free Home Valuation
If this market update has you wondering what your home is worth, head over to our website and use our free home valuation tool. Whether you're considering selling soon or just curious about your property’s current value, we’ll give you an accurate estimate that reflects today’s market conditions.
Why Investing in Palm Springs Real Estate is Always a Smart Move
Palm Springs remains one of the smartest places to invest in California. With its endless sunshine, world-class amenities, and strong demand for both homes and rentals year-round, this desert gem is perfect for anyone looking to buy, sell, or invest. Whether it’s the lifestyle, the luxury, or the return on investment, Palm Springs always delivers.
What other questions do you have?
Consider an experienced and knowledgeable local realtor (like me) to help you make sense of things.
If you’re ready to buy and/or sell yourself, I look forward to assisting you. I promise to give you a much more targeted answer than ChatGPT, Google or the news will.
Please feel free to give me a call, text, email me – or let’s schedule a Zoom meeting.
I’m looking forward to connecting with you!
Your Palm Springs Insider,
Glen Nadeau
📱 Call or Text: 805-220-8097
📨 Email: [email protected]
📅 Zoom: Click here and let's schedule it!
💻 Website: https://www.modernlivingpalmsprings.com/
🔎 My Google Business Profile: https://goo.gl/maps/hipgpHfDezGWBTxd6
*We cannot guarantee any of the above statements or third-party links. Before you enter any transaction, you should read and review all contracts, leases, and information as they are unique and subject to changes. We recommend you consult with your accountant, attorney, tax advisor, and local real estate professionals prior to any real estate transactions.
PS- Are you a part of the LGBTQ+ community and looking to relocate to Palm Springs and the Coachella Valley? Check out our FREE “Palm Springs Enthusiasts LGBTQ+ Relocation Guide” and find out why Palm Springs is such an oasis of Pride and inclusivity – brought to you by The Palm Springs Guys and Glen Nadeau Real Estate 🏳️🌈
