$400k
Average Sale Price
Is it time to invest in a home in Palm Springs?
Yes! The housing market in Palm Springs, CA is a buyer’s market, which means there are roughly more active homes for sale than there are buyers. Buyer’s markets are generally more advantageous for buyers rather than sellers.
There are 42 neighborhoods in Palm Springs. Old Las Palmas has a median listing price of $2M, making it the most expensive neighborhood. Palm Springs Villas is the most affordable neighborhood, with a median listing price of $118K.
Home sales in the city of Palm Springs, CA in March 2019 were down 2 percent from last March. At the same time, the number of homes for sale has increased by 3% over the year.
The average home sold last month for $400,000, 12% more than the year before. Homes sold last month were on the market for an average 62 days, 3 days less than this time last year.
On average, homes in Palm Springs sell for about 3% below their asking price.
Sources: Realtor.com, Redfin.com
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