Palm Springs Housing Market Report – August 2026
Here's a look at how the Palm Springs, CA real estate market performed in August 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 111
- Median Sale Price: $575,000
- Average Sale Price: $874,663
- Average Price Per Sq Ft: $402
- Average Days on Market: 113
- Sale-to-List Price Ratio: 96.0%
Month-Over-Month Trends
Compared to July, the median sale price in Palm Springs moved 12.2% down (from $655,000 to $575,000). The number of homes sold was 32.7% down compared to the prior month (165 vs. 111). Average days on market shifted 6.6% up (106 days to 113 days).
Year-Over-Year Comparison
Compared to August 2025, the median sale price is 8.7% down (from $630,000 to $575,000). Sales volume is 11.9% down year-over-year.
Palm Springs Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92264 | 66 | $582,000 | $393 | 110 |
| 92262 | 44 | $507,500 | $417 | 117 |
| 92258 | 1 | $600,000 | $302 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 51 | $385,000 | $335 |
| SINGLE_FAMILY | 38 | $908,812 | $532 |
| CONDO | 8 | $320,000 | $338 |
| LAND | 8 | $2,898,000 | N/A |
| MOBILE | 5 | $230,000 | $188 |
| MULTI_FAMILY | 1 | $825,000 | $479 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 5 |
| $200K - $299K | 14 |
| $300K - $399K | 19 |
| $400K - $499K | 12 |
| $500K - $749K | 23 |
| $750K+ | 37 |
Current Active Listings
As of this report, there are 1,286 active listings in Palm Springs with a median asking price of $668,500 and an average of 104 days on market.
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