What are current home values in Palm Springs, CA?

The median home value in Palm Springs, CA is $617,269 as of July 2026. This represents a 0.1% decrease compared to last month and a 1.2% decrease year-over-year.

How have home values changed in Palm Springs, CA?

Home values in Palm Springs, CA have decreased by 0.1% month-over-month and 1.2% year-over-year.

How do home values in Palm Springs, CA compare to Riverside County, California, and the national average?

The median home value in Palm Springs, CA ($617,269) compares to: Riverside County ($610,513), California ($773,735), and the U.S. national median ($371,774).

Palm Springs, CA Housing Market

$617,269

1.2% 1-yr

The average Palm Springs, CA home value is $617,269, down 1.2% over the past year, and homes go to pending in around 70 days. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Palm Springs Key Takeaways

Typical Home Values: $617,269

1-Year Value Change: -1.2%

(Data through July 31, 2026)

Palm Springs Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 860 (July 31, 2026)

New Listings: 139 (July 31, 2026)

Median Sale to List Ratio: 0.971 (June 30, 2026)

Median Sale Price: $691,500 (June 30, 2026)

Median List Price: $695,967 (July 31, 2026)

Percent of Sales Over List Price: 8.8% (June 30, 2026)

Percent of Sales Under List Price: 77.1% (June 30, 2026)

Median Days to Pending: 70 (July 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Palm Springs

NameMedian ZHVI
Canyon Corridor$466,421
The Mesa$1,820,787
Indian Canyon$1,798,569
Twin Palms$668,145
Andreas Hills$2,285,730
Tahquitz River Estates$1,205,226
Deepwell Estates$1,399,833
Historic Tennis Club$1,471,988
Warm Sands$638,062

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Palm Springs Rental Market Trends

Average Rent: $2,069 (July 31, 2026)

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: -0.9% (July 31, 2026)

Year-Over-Year Change: 2.5% (July 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.