Palm Springs median home prices dip to $1.17M as inventory plummets

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 6% to $1.17 million compared to the year before while attached home prices fell 4% to $434,000. 

All valley cities saw decreases in detached home prices year-over-year, ranging from a drop of .6% in Bermuda Dunes to an almost 8% drop in Coachella. The attached market had a wider variation, from a price increase of almost 25% in Indian Wells to a drop of 45% in Desert Hot Springs.

The median price of an average-sized detached home in the Coachella Valley last month was $654,000, a decrease of 5.2% compared to last year. Attached home prices were down 2.2% to $455,000.

Palm Springs recorded 155 sales during the three-month period ending in June, an increase of 19 homes compared to 2025, and second highest in the valley behind Palm Desert. Valley-wide, sales are down about 23% below average.

The report measured the valley’s housing inventory divided by recent sales, and determined that the housing market is moving into a more balanced market, not favoring either buyers or sellers.

Palm Springs had 638 homes on the market at the start of month, down 116 compared to last year, the largest drop off in inventory in the valley. Valley-wide, inventory is down almost 11% year-over-year to 2,965 units.

Homes are selling at a slightly higher discount this year, and a lower percentage of homes are selling over list price.

Homes in Palm Springs are among the fastest selling in the valley, selling in 45 days on average compared to 54 days last year.

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