Palm Springs, CA 92262 Real Estate Market Report

ZIP Code: 92262
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Palm Springs, CA (ZIP: 92262) is currently characterized by a median sold price of $850,000, reflecting a stable market with modest appreciation. This price point indicates a healthy demand, despite the median listing price being slightly higher at $880,000, suggesting some pricing friction as sellers adjust their expectations. The market has shown an upward trend in prices year-over-year, indicating a resilient demand despite external pressures.

Transaction activity has been moderate, with median days on market reaching 434 days, suggesting a slower sales velocity. This extended time frame may indicate elevated inventory levels, as the market appears to be balancing out with excess supply relative to sales activity. The overall market temperature is currently neutral, which may suggest a period of stabilization as buyers have more options available, while rental demand remains strong, supported by the area's desirability and limited housing supply.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

---

Key Findings

1. The median sold price of $850,000 indicates a stable market with modest appreciation, reflecting healthy demand.

2. With a median listing price of $880,000, there is notable pricing friction as sellers adjust expectations to align with market realities.

3. The median days on market of 434 days suggests a slower sales velocity, indicative of elevated inventory levels and excess supply relative to sales activity.

4. The market temperature is neutral, indicating a balanced environment where buyers have increased choices without significant upward or downward pressure on prices.

5. Rental demand remains strong with a median market rent of $2,376, supported by the area's desirability and limited housing supply.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.