Palm Springs Market | June

by Brian Piper

🌵 Palm Springs, California Housing Market – June 2025

Snapshot
Redfin shows median sale price at $650,000, up 11.1% YoY, though days on market have lengthened to ~87 days from 75 Zillow reports average home value $644,963, down 4.3% YoY with 48-day pending

Rocket reports a lower median sold price: $507,500, down 7.7% YoY

Key Trends

Market split: higher-end homes driving Redfin’s narrative; broader mix shows cooling
Active listing count up ~20% month-over-month—161 homes available in May

What This Means
Luxury listings still command premium value, but median homes face longer marketing times. Strategy:

Sellers: Price competitively—high-end homes still sell, mid-market needs sharper positioning.
Buyers: Take advantage of more inventory; tactically ready to move on luxury homes with strong leverage.

Final Take
Balanced opportunity—buyers in mid-market have breathing room; luxury segment still rewarding for sellers.

Call to get a neighborhood-specific briefing and tailored strategy.