Palm Desert, CA Home Values & Market Trends
Real estate market trends reflect that there have been 2,184 transactions over the past year in Palm Desert. The median value for residential home transactions that occurred over the previous year is $598,890.45. The number of current listings in Palm Desert is 657, and the percentage of properties for sale in the city is 657.00%. Palm Desert, CA currently has 65 properties in foreclosure, 10 bank owned properties, 8 properties headed for auction, and 657 properties for sale.
Palm Desert, CA Real Estate Market Overview
Housing Market Summary for Palm Desert, CA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $589.8K | $575K | -2.50% |
Median Sold Price | $590.3K | $575K | -2.59% |
Homes For Sale | 548 | 686 | 25.18% |
Homes Sold | 1,572 | 1,426 | -9.29% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Palm Desert, CA
Browse Homes in Palm Desert, CA
Palm Desert home values range from $41,344 to $17,850,000. The median estimated value of a home in Palm Desert is $598,890.45. The median list price of a home is 624,000, and the total count of properties in the city is 35,578.
- Pre-ForeclosurePre-foreclosure homes account for 0.13% of all residential properties in Palm Desert, CA with 92211 containing 24 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Palm Desert, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,175,750 in 92211 to the lowest home value of $375,000 in 92260.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palm Desert, CA ranges from the highest value of $882,000 in 92211 to the lowest value of $507,000 in 92260. Bank owned homes and properties account for 0.03% of properties in Palm Desert, CA. There are 2 zips within Palm Desert, CA; 92260 containing 8 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions92260 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Palm Desert, CA. Auction homes and other auction properties account for 0.02% of all properties in Palm Desert, CA. There are 2 zips within Palm Desert, CA; of those zips, the median estimated home value for homes going to auction ranges from $975,000 in 92211 to the lowest value of $368,500 in 92211.
Compare Nearby Cities
More Real Estate Resources for Palm Desert, CA
Guide for Palm Desert, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.