The Palm Springs market

Market report · City · Jun 2026

The Palm Springs market, in numbers

Homes in Palm Springs typically sell in about 47 days. With 78.0 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

$58k

↓ −87.2% MoM

1 sales closed in Jun 2026

Low sample

Median rent

$2,463/mo

↑ +23.1% MoM↑ +17.3% YoY

2 leases closed in Jul 2026

Low sample

Time to sell

47 days

typical days on market

Low sample

Days from listing to going under contract.

Months of inventory

78.0 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 $58k in Jun 2026. Typical sales ranged $58k–$58k.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $802/mo including taxes and HOA — comfortable at a household income around $32k a year, using the 30% rule. Renting instead costs $2,463/mo.

Is now a good time to buy?

78.0 months of inventory points to a buyer’s market.

How fast do homes sell?

About 47 days from listing to contract in Jun 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 1.9 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$58k↓ −87.2% MoM

Jun 2026 — median $58k · 1 sales · 47 days on market · low sample

$200k

$400k

$600k

$800k

Aug ’25

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

To rent — median monthly rent

Monthly rent, $

$2,463/mo↑ +23.1% MoM↑ +17.3% YoY

Jul 2026 — median $2,463/mo · 2 leases · 218 days on market · low sample

$1,500

$2,000

$2,500

$3,000

$3,500

Aug ’25

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’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

$76k

$1,621/mo

6 closed Low sample

2 beds

$314k

$1,829/mo

11 closed

3 beds

$450k

$2,425/mo

8 closed Low sample

What sells here

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

Condo

$111k

21% of sales · 3 closed

House

$480k

64% of sales · 9 closed

Townhouse

$281k

14% of sales · 2 closed

Low sample

Market depth

Supply and demand

Listings per month

Jul 2026 — 0 closed · 5 new · 104 active

100

150

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’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

Jul 2026 — 55% of active listings cut · median cut 7.4%

25%

50%

75%

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$0.64 per sqft · Jun 2026

$0.00

$0.50

$1.00

$1.50

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’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 Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.