Welcome to the Greater Palm Springs Valley Real Estate Market Report, where we’ll explore the latest data on inventory shifts, median home prices, and key market insights across Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, and La Quinta. Whether you’re a current homeowner, a prospective buyer, or simply staying on top of the market, this report will keep you informed.

Market Overview

Over the past twelve months, a total of 3,456 properties were sold in these sought-after desert communities. Of those sales, 2,550 were single-family homes—a testament to the region’s enduring appeal among both full-time residents and vacation-home seekers.

• Average Price (Single-Family Homes): $1,381,698

• Average Price (Condos/Townhomes): $565,541

As inventory levels continue to shift, it’s essential to break these numbers down by area. Keep reading for an in-depth look at individual cities within the Greater Palm Springs Valley.

Palm Springs: Classic Desert Living

• Single-Family Homes Sold (12 Months): 612

• Median Sold Price: $1,175,000

• Median Price per Square Foot: $571

Renowned for its mid-century modern architecture and vibrant cultural scene, Palm Springs consistently draws buyers seeking desert style and year-round sunshine. If you look at the Palm Springs pages later in this report, you’ll find trends spanning the past five years—valuable insight for both sellers and buyers seeking to time their transactions.

Rancho Mirage: Luxury and Leisure

• Median Sold Price (Single-Family): $1,175,000

• Median Price per Square Foot: $445

Rancho Mirage is often associated with upscale living, golf courses, and resort-style communities. With a median price over $1 million, it’s clear that demand for premium desert real estate remains robust. Prospective buyers in this area will benefit from exploring the range of available home styles—from contemporary estates to classic desert homes.

Palm Desert: Diverse Real Estate Options

• Median Sold Price (Single-Family): $799,500

• Median Price per Square Foot: $371

Palm Desert offers a slightly more accessible market, both in terms of median price and price per square foot. With its blend of shopping, dining, and outdoor recreation, Palm Desert appeals to a wide variety of homebuyers—first-timers, retirees, and seasonal residents alike.

Indian Wells: Exclusive Desert Oasis

• Properties Sold (12 Months): 174

• Median Sold Price: $1,727,000

• Median Price per Square Foot: $541

Indian Wells stands out for its elevated price points, reflecting its reputation for world-class golf courses and exclusive neighborhoods. With fewer total sales compared to neighboring areas, Indian Wells maintains a distinctively high-end market, attracting buyers who prioritize luxury and privacy.

La Quinta: Scenic Mountain Views

• Single-Family Homes Sold (12 Months): 812

• Median Sold Price: $885,000

• Median Price per Square Foot: $398

Known for its stunning mountain vistas and championship golf courses, La Quinta saw more than 800 single-family homes change hands in the last year. The median price is slightly more moderate than in Indian Wells or Rancho Mirage, making La Quinta a strong contender for buyers seeking a blend of luxury and relative affordability.

Why Local Market Insights Matter

Monitoring local real estate trends is crucial for making informed decisions:

1. Buyers can identify areas that fit their budget and lifestyle preferences.

2. Sellers gain clarity on pricing strategies to attract motivated offers.

3. Investors spot opportunities in a dynamic market with strong vacation and seasonal rental demand.

Let’s Discuss Your Real Estate Goals

I hope this Greater Palm Springs Valley Real Estate Market Report gives you a clearer picture of what’s happening in our local market. If you have questions about the data—or if you’re ready to explore your buying or selling options—please contact me. I’m here to provide tailored advice and help you navigate every aspect of your desert real estate journey.

Thank you for reading, and stay tuned for more updates on the ever-evolving Greater Palm Springs Valley market!

- Lori