Palm Springs, CA 92262 Real Estate Market Report

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

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Executive Overview

The median sold price in Palm Springs, CA (ZIP: 92262) stands at $977,000, reflecting a stable market despite recent softening trends. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. As the market transitions from a previous frenzy, the current environment is characterized by longer selling times and elevated inventory levels, which may indicate that buyers are exercising more leverage in negotiations.

With a median days on market of 170, properties are taking significantly longer to sell, suggesting a slower sales velocity. The median listing price of $907,000 highlights a notable gap between seller expectations and actual sale prices, which may be contributing to the extended time on market. Overall, the market temperature is currently classified as neutral, indicating a balance between supply and demand, although the elevated inventory relative to sales activity suggests a cautious approach from buyers in this rebalancing phase.

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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.

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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.

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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.

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Property Taxes

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Liquidity & Velocity

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near 6.0% in the Palm Springs CA 92262 market are slightly lower than the recent 2026 average of 6.17% seen in mid-February.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $977,000 indicates a significant price point for recent transactions, reflecting buyer willingness despite market adjustments.

2. With 170 days on market, properties are experiencing slower sales velocity, suggesting a need for strategic pricing and marketing efforts.

3. The median listing price of $907,000 shows a pricing gap that may create friction in negotiations, as sellers adjust to market realities.

4. Market temperature is neutral, indicating a balanced environment where supply and demand are relatively aligned, but caution is advised due to elevated inventory levels.

5. The median market rent of $2,376 suggests stable rental demand, although the year-over-year trend is down, indicating potential shifts in rental market dynamics.

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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.