Palm Springs Housing Market Report – June 2026
Here's a look at how the Palm Springs, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 193
- Median Sale Price: $585,000
- Average Sale Price: $912,617
- Average Price Per Sq Ft: $433
- Average Days on Market: 102
- Sale-to-List Price Ratio: 96.0%
Month-Over-Month Trends
Compared to May, the median sale price in Palm Springs moved 9.2% down (from $644,500 to $585,000). The number of homes sold was 23.7% up compared to the prior month (156 vs. 193). Average days on market shifted 7.4% up (95 days to 102 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 10.0% down (from $650,000 to $585,000). Sales volume is 27.8% up year-over-year.
What This Means
Palm Springs' real estate market is displaying mixed signals as we head into summer. While sales volume jumped 23.7% month-over-month to 193 homes, this uptick likely reflects improved data collection rather than a genuine market surge—a pattern we've seen consistently as reporting has stabilized. The more telling indicator is pricing: the median sale price dropped 9.2% in June and is down 10.0% year-over-year, suggesting buyers are gaining negotiating power. Properties are also sitting longer, with average days on market climbing to 102 days from 95, indicating reduced urgency among sellers.
The current disconnect between the 1,192 active listings and actual sales volume suggests an oversupplied market. Homes are selling at 96% of list price—respectable but not robust—while inventory continues to accumulate. For buyers, this environment is increasingly favorable; for sellers, it's a reminder that Palm Springs' desert appeal isn't immune to broader California affordability pressures and elevated interest rates.
Those considering a purchase should recognize the seasonal summer softness combined with genuine buyer advantages. This market favors patient negotiators willing to make informed offers in a landscape where supply clearly outpaces demand.
Palm Springs Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92264 | 102 | $562,000 | $414 | 97 |
| 92262 | 90 | $597,500 | $455 | 107 |
| 92258 | 1 | $75,000 | $104 | 107 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 88 | $1,048,750 | $561 |
| CONDOS | 69 | $355,000 | $325 |
| MOBILE | 14 | $179,500 | $160 |
| LAND | 11 | $2,898,000 | N/A |
| CONDO | 4 | $275,250 | $399 |
| TOWNHOMES | 3 | $780,000 | $373 |
| MULTI_FAMILY | 3 | $1,350,000 | $348 |
| OTHER | 1 | $780,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 6 |
| $100K - $199K | 10 |
| $200K - $299K | 22 |
| $300K - $399K | 26 |
| $400K - $499K | 16 |
| $500K - $749K | 31 |
| $750K+ | 82 |
Current Active Listings
As of this report, there are 1,192 active listings in Palm Springs with a median asking price of $679,450 and an average of 101 days on market.
Thinking About Selling Your Palm Springs Home?
If you're a homeowner in Palm Springs considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Palm Springs and throughout Riverside County — get a no-obligation cash offer today.
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