Palm Desert leads Coachella Valley home sales as median prices drop slightly

According to the latest Greater Palm Springs Realtors (GPSR) Desert Housing Report, the median price for an average-sized detached home in Palm Desert fell 5% to $692,000 compared to the year before while attached home prices fell .6% to $512,000. 

All valley cities saw decreases in detached home prices year-over-year, ranging from a drop of .6% in Bermuda Dunes to an almost 8% drop in Coachella. The attached market had a wider variation, from a price increase of almost 25% in Indian Wells to a drop of 45% in Desert Hot Springs.

The median price of an average-sized detached home in the Coachella Valley last month was $654,000, a decrease of 5.2% compared to last year. Attached home prices were down 2.2% to $455,000.

Palm Desert recorded the highest number of sales in the valley at 166 sales during the three-month period ending in June, an increase of 20 homes compared to 2025. sales are down about 23% below average.

The report measured the valley’s housing inventory divided by recent sales, and determined that the housing market is moving into a more balanced market, not favoring either buyers or sellers.

Palm Desert had 665 homes on the market at the start of month, down 29 compared to last year. Valley-wide, inventory is down almost 11% year-over-year to 2,965 units.

Homes are selling at a slightly higher discount this year, and a lower percentage of homes are selling over list price.

Homes in Palm Desert sold in an average of 54 days in June compared to 52 days last year, just slightly higher than the valley median of 51 days.