Palm Springs, CA 92262 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's primary market indicator is the median sold price of 762,751, which represents recent transaction-level value and, when compared to the median listing price of 950,000, suggests pricing friction between seller expectations and final sale outcomes.
2. Liquidity appears subdued: the median days on market of 272 points to slower sales velocity and suggests buyers have increased time to evaluate listings rather than immediate bidding competition. moderate market tempo supports more negotiation leverage for buyers.
3. Inventory conditions in the analyzed sample appear as a relatively constrained active supply versus recent sales activity, which, combined with the median sold price of 762,751, may indicate sustained price support for well-positioned properties despite longer market times. neutral market temperature aligns with this balance.
4. Market direction is positive on price but measured: the price year-over-year trend is up while interest rate pressure is moderate, and rent year-over-year trend is flat, indicating that appreciation is proceeding cautiously rather than accelerating rapidly. up for prices and moderate for interest rate pressure reflect a balanced, steady-growth environment.

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.