Real Estate Market Update for Palm Springs, CA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 24% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 73%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 560-thousand dollars. The number of units sold increased 22% year-over-year, and decreased 8% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Palm Springs, CA

Area Information for Palm Springs, CA
  • Population: 46,525
  • Median Age: 54.63 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 494/sq mi
  • Population Change Since 2000: 8.67%
  • Closest Airport: Palm Springs International
  • Closest College: Cal St Univ-san Bernardino-palm Desert
  • Closest Jr. College: College Of The Desert
  • Median Household Income: $49,313
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $484,500
  • Closest Major Sports Team: Lake Elsinore Storm (a)
  • Change Avg. Household Income Since 2000: 39.44%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Palm Springs, CA
Median Age: 54.63 Married: 33% Number of Households: 23,740 Households with Children: 2,619
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Palm Springs, CA

      School Name Distance Type Grades School Rating Parent Rating
      Katherine Finchy Elementary School 0.2 mi Public PRESCHOOL-5 3 0
      Raymond Cree Middle School 0.5 mi Public 6-8 2 2
      Mojave River Academy - Route 66 - Palm Springs 0.6 mi Public K-12 0 0
      Creative Beginnings Montessori Elementary 0.8 mi Private - 0 0
      Vista Del Monte Elementary School 1.1 mi Public PRESCHOOL-5 3 0
      Palm Springs High School 1.8 mi Public 9-12 3 3
      Desert Learning Academy 1.9 mi Public 7-10 2 0
      Desert Chapel Christian School 2.0 mi Private K-12 0 0
      Montessori Elementary School Of Palm Springs 2.0 mi Private PRESCHOOL-6 0 0
      Cahuilla Elementary School 2.1 mi Public PRESCHOOL-5 2 0
      St Theresa School 2.1 mi Catholic PRESCHOOL-8 0 0
      Cielo Vista Charter School 2.9 mi Public K-8 4 0
      King's Schools Of The Desert 4.7 mi Private PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Palm Springs, CA
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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