The Palm Springs market

Market report · City · Aug 2026

The Palm Springs market, in numbers

Homes in Palm Springs typically sell in about 301 days, prices are down 77.6% on a year ago. With 153.0 months of inventory, it’s a buyer’s market.

Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.

Median sale price

$83k

↓ −77.6% YoY

1 sales closed in Aug 2026

Low sample

Median rent

$1,520/mo

↓ −38.3% MoM↓ −15.6% YoY

2 leases closed in Aug 2026

Low sample

Time to sell

301 days

typical days on market

Low sample

Days from listing to going under contract.

Months of inventory

153.0 mo

buyer’s market

Low sample

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Your questions, answered

Straight answers from Palm Springs’s closed transactions.

What does a home here cost?

The median sale closed at $83k in Aug 2026, down 77.6% on a year ago. Typical sales ranged $83k–$83k.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $918/mo including taxes and HOA — comfortable at a household income around $37k a year, using the 30% rule. Renting instead costs $1,520/mo.

Is now a good time to buy?

153.0 months of inventory points to a buyer’s market. Prices have eased over the past year, which favors patient buyers.

How fast do homes sell?

About 301 days from listing to contract in Aug 2026. The pace picks up toward May and slows around February.

How much room is there to negotiate?

Not enough closed sales this month to measure — the price-cut chart below is the best proxy.

When is the best time to list?

Closings peak in May and bottom out around February. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.

Buying vs renting

Price-to-rent ratio is 4.5 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$83k↓ −77.6% YoY

Aug 2026 — median $83k · 1 sales · 301 days on market · low sample

$200k

$400k

$600k

$800k

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

To rent — median monthly rent

Monthly rent, $

$1,520/mo↓ −38.3% MoM↓ −15.6% YoY

Aug 2026 — median $1,520/mo · 2 leases · 28 days on market · low sample

$1,000

$2,000

$3,000

$4,000

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.

What each size costs

Medians over the last 12 months.

Beds

To buy

To rent

Volume

1 bed

$78k

$1,596/mo

9 closed

2 beds

$324k

$1,836/mo

9 closed

3 beds

$439k

$2,425/mo

7 closed Low sample

What sells here

Sales mix and median price by property type, last 12 months.

Condo

$104k

31% of sales · 4 closed

House

$484k

62% of sales · 8 closed

Townhouse

$286k

8% of sales · 1 closed

Low sample

Market depth

Supply and demand

Listings per month

Aug 2026 — 1 closed · 3 new · 102 active

100

150

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in May

0.5

1.5

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Aug 2026 — 56% of active listings cut · median cut 7.7%

25%

50%

75%

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$0.57 per sqft · Aug 2026

$0.00

$0.50

$1.00

$1.50

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

Median monthly HOA fee per square foot among closed sales.

Homes for sale in Palm Springs →Rentals in Palm Springs →

Based on 52 closed transactions over the period shown · Updated Sep 1, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.