Palm Desert single-family home prices dip to $696,000 as condo market holds steady

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 3% to $696,000 compared to the year before while attached home prices rose just .1% to $507,000.

The median price of an average-sized detached home in the Coachella Valley last month was $650,000, which is level with prices compared to last year. Attached home prices were down 3% to $435,000.

All valley cities except for Coachella and Rancho Mirage saw decreases in detached home prices year-over-year, while attached home prices were on the rise in only two cities, Indian Wells and Palm Desert.

Palm Desert recorded 130 sales during the three-month period ending in July, the second-highest in the valley and a slight increase from 2025. Valley-wide, sales are down about 28% 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 the second-highest number of homes on the market at the start of the month with 582, down from 620 homes last last year. Valley-wide, inventory is down almost 10% year-over-year to 2,668 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 are selling in an average of 56 days, on par with last year and slightly higher than the valley’s average of 52 days.