Home prices down slightly; Palm Springs homes selling fast as inventory slightly decreases

According to the latest Greater Palm Springs Realtors Desert Housing Report for February 2026, the active Palm Springs housing market shows faster-than-average selling times and shrinking inventory all as prices valley-wide remain stable compared to 2025.

The median price of an average-sized detached home in the Coachella Valley last month was $699,000, a decrease of just .1% compared to last year and up about $20,000 compared to last month. Attached home prices were similarly stable, down 1% to $500,000.

Detached home prices in Palm Springs however fell more than 8% to $1.13 million while attached home prices fell more 3% to $438,000. Median prices usually hit their seasonal high in spring and lows sometime in the fall.

Indian Wells, Rancho Mirage, and Bermuda Dunes were the only three valley cities to see an increase in median price for detached homes, for attached homes just La Quinta and Rancho Mirage saw increases compared to the year before.

Palm Springs recorded 117 sales during the three-month period ending in February, a slight increase from the year before and second-highest in the valley behind Palm Desert. Palm Springs also had one of the lowest average selling time at just 43 days, behind only Coachella with a median number of days in market of 35 days.

In Palm Springs homes were selling slightly closer to list price in February compared to the year before; the average discount was 3.2% last month compared to 3.8% in 2025.

At the end of February, Palm Springs had 752 homes listed for sale, down from 800 a year ago. Valley-wide, 3,527 homes were up for sale at the start of this month, an increase of just half of a percent.

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