Palm Springs Housing Market Report – March 2026
Here's a look at how the Palm Springs, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 183
- Median Sale Price: $599,000
- Average Sale Price: $840,039
- Average Price Per Sq Ft: $445
- Average Days on Market: 88
- Sale-to-List Price Ratio: 96.4%
Month-Over-Month Trends
Compared to February, the median sale price in Palm Springs moved 7.0% up (from $560,000 to $599,000). The number of homes sold was 56.4% up compared to the prior month (117 vs. 183). Average days on market shifted 3.3% down (91 days to 88 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 3.4% down (from $620,000 to $599,000). Sales volume is 5.8% up year-over-year.
What This Means
Palm Springs real estate is experiencing a strong seasonal surge this March, with sales volume jumping 56 percent month-over-month and the median price climbing 7 percent to $599,000. This uptick makes sense given the timing—spring brings buyers back to the desert market after the slower winter months, and Palm Springs particularly benefits from this pattern as people flee colder climates. The jump in transactions suggests pent-up demand may be releasing after a quieter February.
However, there's a notable wrinkle when you zoom out: year-over-year, median prices are actually down 3.4 percent from March 2025. This suggests the market hasn't fully recovered from broader softness, even as this month looks encouraging. The near-96 percent sale-to-list ratio indicates sellers still have decent negotiating power, but the large inventory of 1,111 active listings with an 86-day average suggests plenty of supply for buyers to choose from. Interest rates and the broader California affordability crisis are likely keeping some potential buyers on the sidelines despite the seasonal momentum.
Palm Springs Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92262 | 92 | $607,500 | $462 | 103 |
| 92264 | 91 | $533,000 | $430 | 74 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| CONDOS | 84 | $460,000 | $369 |
| SINGLE_FAMILY | 76 | $905,000 | $545 |
| LAND | 9 | $1,628,000 | N/A |
| MOBILE | 7 | $239,000 | $190 |
| CONDO | 3 | $460,000 | $410 |
| TOWNHOMES | 3 | $850,000 | $363 |
| MULTI_FAMILY | 1 | $1,175,000 | $1,382 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 6 |
| $200K - $299K | 17 |
| $300K - $399K | 19 |
| $400K - $499K | 24 |
| $500K - $749K | 49 |
| $750K+ | 67 |
Current Active Listings
As of this report, there are 1,111 active listings in Palm Springs with a median asking price of $685,000 and an average of 86 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 the Central Valley — get a no-obligation cash offer today.
Learn More About Selling Your Palm Springs Home
Get More Info On Options To Sell Your Home...
Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.
Get An Offer Today, Sell In A Matter Of Days...
Takes about 30 seconds. No obligation.