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Palm Desert Market Report

$865,476

AVERAGE PRICE OF 763 HOMES

$407,612

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,354,504

AVERAGE PRICE OF 137 MULTI-MILLION DOLLAR HOMES

$1,089,487

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$956,751

AVERAGE PRICE OF 505 HOMES WITH A POOL

$644,730

AVERAGE PRICE OF 45 REDUCED PRICE HOMES

Average Home

Average Price $865,476
Avg Bedrooms 2.58 beds
Avg Bathrooms 2.58 baths

Average Price by Bedrooms

1 bedroom $300,062
2 bedrooms $463,378
3 bedrooms $850,085
4 bedrooms $1,827,123
5 bedrooms $2,203,106
Palm Desert Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 730 655 670 n/a 578
Average Price $821,382 $797,999 $781,426 n/a $792,194
Avg Price Change +2.93% +2.12% n/a n/a +0.46%
Median Price $590,103 $567,418 $562,475 n/a $576,125
Med Price Change +4.00% +0.88% n/a n/a -0.46%
Avg Bedrooms 2.65 beds 2.59 beds 2.58 beds n/a 2.64 beds
Avg Bathrooms 2.58 baths 2.51 baths 2.48 baths n/a 2.52 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Desert Hot Springs 1 $999,999 81 days
Palm Desert 68 $823,597 63 days
Rancho Mirage 2 $1,037,450 22 days
Shadow Hills 1 $700,000 20 days
Summit 2 $710,000 131 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 763 $865,476 72 days
Distressed Homes 8 $407,612 112 days
Multi-Million Dollar Homes 137 $2,354,504 70 days
Newly Built Homes 31 $1,089,487 63 days
Homes with a Pool 505 $956,751 66 days
Reduced Price Homes 45 $644,730 57 days
Thunderbird Realty Company
Carly Butterfield
71-330 Hwy 111
Rancho Mirage, CA 92270
760-880-5881
DRE# 01886357

Based on information from California Regional Multiple Listing Service, Inc. as of March 31, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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