October 2024 Real Estate Report

Homes For Sale
427 Total
Homes For Sale
Homes added
294 Homes
Added to the Market
Homes For Sale
101 Homes
Sold
Compared to Previous Month
20%
More Homes For Sale
home chart
9%
More Homes Sold
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Last month in October, housing in Palm Springs, CA ended with 294 homes being added to the market for sale, for a cumulative monthly total of 427 homes for sale - up 20% compared to September. Palm Springs, CA had a total of 101 homes sold for the month - up 9% from the month prior.

Attached led the way in homes sold with a total of 54 - even, while detached totaled 47 in closed sales - up 19% from the month of September. The number of detached properties sold under 1500 square feet totaled 13 for the month of October, while homes from 1500 to 2000 square feet recorded 19 sales and homes sized from 2000 to 2500 square feet had 8 sales. While homes from 2500 to 3000 square feet square feet recorded 3 homes sold and homes from 3000 to 3500 square feet had 2 sales and while homes in the 3500 to 4000 square feet range totaled 2 homes sold. The following ranges for detached homes all had no sales: 4000 to 4500, 4500 to 5000, over 5500.

The number of attached homes sold under 1500 square feet numbered 38, attached homes in the square feet range of 1500 to 2000 recorded 13 sales and attached properties from 2000 to 2500 square feet had a total of 3 homes sold. The following ranges for attached homes all had no sales: 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Palm Springs, CA?
April:
186 Homes Sold
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The last 12 month period for the city of Palm Springs, CA shows that the greatest number of homes were sold during the months of March 2024, April 2024 and May 2024. The months of March 2024, April 2024 and May 2024 had 154 - 186 and 163 homes sold, respectively, as compared to an average of 106 for the other months of the year.

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When do homes sell the fastest in Palm Springs, CA?
December:
48 Days On Market
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The last 12 month period for the city of Palm Springs, CA shows that homes sold the fastest during the months of December 2023, March 2024 and October 2024. The months of December 2023, March 2024 and October 2024 had 48 - 54 and 54 days on market, respectively, as compared to an average of 61 for the other months of the year.


Average Price Of Homes Sold In Palm Springs, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Palm Springs, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Palm Springs, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
20241151351541861631061089592101 - - 1255
2023851021411541741711131229497991061458
202213517520119019617216513610510776981756
20211651682292261662051771631611631581862167
2020127144184109861772062312181932042012080
20191031651991962111731931891631221411652020
20181441591792052042011821801531741481202049
20171171562061962162141581961351801581792111
Average Days On Market (DOM) In Palm Springs, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
202459585458606965586654 - - 60
202344424556435160515049544849
202238303123232126343948363932
202143494637492826312729333036
202065745755606065634552434657
201960515654585354477176505057
201867525961565657566661435958
201770767060546768766961455864
Average Days From List To Close Of Escrow In Palm Springs, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20249386879089101979559584 - - 142
20231661038795838294878080858194
202268566551965761858396747372
2021789185708758576610555686173
2020100153869796961061078887787698
20199490959597939797106104847794
2018110949510096959699103100789296
20171241281231121051131211331121088990113
Number of homes added to the market in Palm Springs, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024279295243269249226140163228294 - - 2386
20232002262432452391831611692112702011492497
20221991752002072241811181171151491431071935
20211861761751881971811511671761791581062040
20201942271341121641661822032401821701362110
2019245196153200214149126143124201159821992
20182092181622121701711091421502031371131996
20172151971571771881311301481672241421392015