Palm Springs, CA 92262 Real Estate Market Report

ZIP Code: 92262
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Palm Springs, CA, are approximately 6.38%, which is 0.51% higher than the 5.87% average observed in February 2026.

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

---

Key Findings

1. Median sold price: $915,000 is the most reliable indicator of recent market value in ZIP 92262 and suggests modest appreciation consistent with the broader price year-over-year trend being up — this positions recent transactions above many asking prices and signals realized pricing strength.

2. Median days on market: 321 is unusually long and points to slower sales velocity; this extended market time may indicate greater negotiation leverage for buyers and pricing friction despite the median sold price strength.

3. Median listing price: $895,000 sits below the representative recent sale level, which appears to reflect a pricing gap where sellers who transact are achieving higher realized prices; given the neutral market temperature, this suggests a balanced market with selective seller success rather than broad, rapid price appreciation.

4. Median market rent: $2,895 combined with rent year-over-year trend being down and interest rate pressure labeled elevated (current 30-year fixed ~6.38%, 0.51% above the Feb 2026 average) implies softer rental demand and higher carrying costs — factors that may dampen investor appetite and extend holding periods for sellers.

---

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.

Palm Springs, CA 92262 Real Estate Market Report

ZIP Code: 92262
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Palm Springs, CA, are approximately 6.38%, which is 0.51% higher than the 5.87% average observed in February 2026.

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

---

Key Findings

1. The primary market value signal is the median sold price 355,000, which represents the most reliable indicator of recent transaction activity and should be prioritized over asking prices when setting offers or comps.

2. There is a notable pricing gap where the median listing price 345,000 sits below the median sold price 355,000, which may indicate sellers are achieving final sale prices above initial asks; treat this as pricing friction that requires cautious offer strategies.

3. Market velocity is slow: the median days on market 362 points to extended time-to-sale and suggests slower sales velocity, implying buyers have more time to negotiate and that liquidity is muted relative to brisk markets.

4. Macro and rental context is mixed — price year-over-year trend is up while rent year-over-year trend is down, and interest rate pressure is elevated; together these signals suggest modest price appreciation for sellers but weakening rental demand and higher financing headwinds for buyers and investors.

---

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.