Market Trends: Palm Springs 92264 — August 2025
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $410,000 | Declining |
| Median $/SF (0-3 Mo) | $355.93 | Stable |
| 12-Mo Linear $/SF Change | -0.79% | Negative |
| Months of Inventory | 19.8 | Loose supply |
| Median Days on Market | 77 | Stable |
| SP/LP Ratio | 97.8% | Stable |
| Sales Volume Change (Qtr) | -24.3% | Decreasing |
| Anticipated Marketing Time | 180+ days | Slow market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. This consistency suggests the market is moving uniformly across property size segments without significant compositional shifts in the sales mix.
On the supply side, 19.8 months of inventory reflects elevated inventory in the market. Days on market have remained relatively stable, indicating consistent absorption patterns. The stable SP/LP ratio suggests pricing expectations remain well-calibrated between buyers and sellers.
In summary, the market is best characterized as undergoing a correction with softening prices and elevated supply. The anticipated marketing time of 180+ days reflects current absorption rates. The negative 6-month linear trend in $/SF warrants monitoring as it may indicate continued near-term softening.
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