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Palm Desert Market Report

$822,335

AVERAGE PRICE OF 684 HOMES

$422,779

AVERAGE PRICE OF 10 DISTRESSED HOMES

$2,193,137

AVERAGE PRICE OF 114 MULTI-MILLION DOLLAR HOMES

$1,369,098

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$894,202

AVERAGE PRICE OF 447 HOMES WITH A POOL

$583,117

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $822,335
Avg Bedrooms 2.62 beds
Avg Bathrooms 2.54 baths

Average Price by Bedrooms

1 bedroom $286,237
2 bedrooms $469,280
3 bedrooms $828,535
4 bedrooms $1,457,423
5 bedrooms $1,915,646
Palm Desert Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 670 n/a 578 539 542
Average Price $781,426 n/a $792,194 $788,592 $818,071
Avg Price Change n/a n/a +0.46% -3.74% +2.16%
Median Price $562,475 n/a $576,125 $578,795 $596,955
Med Price Change n/a n/a -0.46% -3.14% -0.34%
Avg Bedrooms 2.58 beds n/a 2.64 beds 2.61 beds 2.59 beds
Avg Bathrooms 2.48 baths n/a 2.52 baths 2.49 baths 2.45 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Desert Hot Springs 1 $1,049,000 19 days
Palm Desert 65 $715,836 66 days
Rancho Mirage 2 $674,950 87 days
Summit 1 $630,000 156 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 684 $822,335 73 days
Distressed Homes 10 $422,779 97 days
Multi-Million Dollar Homes 114 $2,193,137 62 days
Newly Built Homes 31 $1,369,098 62 days
Homes with a Pool 447 $894,202 67 days
Reduced Price Homes 40 $583,117 71 days
Tracy Scott
74-890 CA-111
Indian Wells, CA 92210
760-840-7441
DRE# 00957686

RE/MAX Desert Properties and the RE/MAX Desert Properties are registered (or unregistered) service marks used with permission. RE/MAX Desert Properties fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. DRE #02038283
Based on information from California Regional Multiple Listing Service, Inc. as of January 28, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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