Greater Palm Springs Valley Real Estate Market Report

12-Month Snapshot | May 2024 – April 2025

Inventory has been on the move across the desert this past year, and savvy buyers and sellers are watching every shift. Below is a clear, neighborhood-by-neighborhood look at what’s happening in Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta so you can make confident real-estate decisions.

Valley-Wide Overview

Property Type Total Sales Average Sale Price Single-Family Homes 2,694 $1,387,748 Condos / Townhomes 857 $568,656

A total of 3,551 properties changed hands over the last 12 months—evidence that demand remains strong even as inventory ebbs and flows.

Palm Springs

• 577 single-family homes sold

• Median Sale Price: $1,125,000

• Median $/Sq Ft: $554

Palm Springs continues to command premium pricing, with cost per square foot outpacing most neighboring cities. Compare this to the five-year trend in the full report to gauge long-term appreciation.

Rancho Mirage

• Median Sale Price: $1,177,500

• Median $/Sq Ft: $440

Inventory ticked up slightly in early 2025, giving buyers a bit more choice—yet well-priced homes are still moving quickly.

Palm Desert

• Median Sale Price: $775,000

• Median $/Sq Ft: $364

Palm Desert offers the valley’s best balance of space and value. Ideal for buyers seeking larger lots without the seven-figure price tag.

Indian Wells

• 158 properties sold (all property types)

• Median Sale Price: $1,899,000

• Median $/Sq Ft: $586

Luxury rules in Indian Wells. Homes here consistently post the highest median prices in the valley, attracting buyers who want resort-style living and world-class golf.

La Quinta

• 921 single-family homes sold

• Median Sale Price: $925,000

• Median $/Sq Ft: $402

La Quinta combines strong year-round demand with a broad range of price points—from gated golf-course estates to cozy desert-modern bungalows.

Key Takeaways

1. Price resilience: Despite fluctuations in inventory, median prices held firm across all five cities—underscoring sustained buyer interest.

2. Value pockets: Palm Desert and La Quinta continue to deliver the most square footage per dollar.

3. Luxury strength: Indian Wells and select Palm Springs neighborhoods remain top draws for high-end buyers.

4. Data matters: Neighborhood-level metrics often differ sharply from valley averages—dig deeper before making a move.

Let’s Talk Strategy

Real-estate trends don’t exist in a vacuum; your goals and timeline should drive every decision. Have questions about a specific neighborhood or price range? I’m happy to walk you through the full report, provide hyper-local comps, or map out the best next steps—whether you’re buying, selling, or simply keeping tabs on the market.

Reach out any time and let’s turn today’s data into tomorrow’s opportunity.