Palm Springs homes selling faster than anywhere in the valley as market shifts to buyers

The latest Desert Housing Report shows that the housing market has shifted to a buyer’s market, though inventory in Palm Springs is down slightly compared to last year.

The median price of an average-sized detached home in the Coachella Valley last month was $675,000 a 3% drop compared to January 2025, attached homes decreased 2% year-over-year to $495,000.

Detached home prices in Palm Springs fell about 2% to $1.2 million while attached home prices fell more than 6% to $435,000. 

Indian Wells, La Quinta, and Bermuda Dunes each saw an increase in detached home prices compared to the year before. 

Palm Springs recorded 110 sales during the three-month period ending in January, a slight increase from the year before and second-highest in the valley behind Palm Desert. Palm Springs had the lowest average selling time at just 42 days.

In Palm Springs homes were selling about 3% under list price compared to 3.8% under list price last year, making it one of only three valley cities with a lower discount compared to 2025.

Homes valleywide are on average selling below list price. In Bermuda Dunes, the average price discount was highest at 5.2% and Desert Hot Springs had the lowest average price discount at 1.6%.

At the end of January, Palm Springs had 709 homes listed for sale, down from 754 a year ago. Valleywide, 3,488 homes were up for sale at the start of this month, a 3% increase in the number of homes on the market.

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