Palm Springs housing market had a sharp drop in prices last month and an increase in sales activity
Palm Springs homes are selling slightly faster than a year ago, maintaining a market that ranks second in both total sales and speed across the Coachella Valley.
According to the latest Greater Palm Springs Realtors (GPSR) Desert Housing Report, the median price for an average-sized detached home in Palm Springs fell almost 15% to $1.13 million compared to the year before while attached home prices fell 1% to $449,000. Median prices usually hit their seasonal high in spring and lows sometime in the fall.
The city’s inventory of housing units shrank compared to last year, with 782 homes on the market at the start of this month compared to 872 last year. Valleywide, inventory is down 7% year-over-year to 3,534 units
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The median price of an average-sized detached home in the Coachella Valley last month was $691,000, a decrease of just 4.6% compared to last year and up. Attached home prices were down just .5% to $498,000.
All nine valley cities saw decreases in home prices year over year, but Indian Wells, La Quinta, and Rancho Mirage all saw slight increases in attached home prices.
Palm Springs recorded 161 sales during the three-month period ending in April, second-highest in the valley behind Palm Desert, and an increase compared to 144 units sold in the same time period in 2025.Â
Homes in Palm Springs are selling slightly faster than last year, the average home took 43 days to sell compared to 48 last year. That’s the second-fastest in the valley behind Rancho Mirage.
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