Palm Desert Real Estate & Homes for Sale

In November 2024, the median home price in Palm Desert rose to $625,000, a 10.6% increase compared to last year, showing steady growth in property values. Homes are spending more time on the market, selling on average in 63 days compared to 50 days last year, which may indicate buyers are taking more time to make decisions. Despite the longer selling times, the number of homes sold jumped to 97 this November, up from 77 last year, highlighting strong buyer interest and activity in the area. This mix of rising prices and higher sales shows that Palm Desert remains a popular choice for homebuyers.

The Palm Desert housing market is moderately competitive, with homes typically selling in about 62 days. While some properties receive multiple offers, most homes sell for around 3% below the list price. However, highly desirable "hot homes" tend to attract more interest, often selling for around the list price and going under contract in just 29 days. This indicates that while buyers have some room for negotiation, standout properties still move quickly in this market.

In November 2024, Palm Desert, CA, was a balanced market, meaning the supply of homes for sale matched the demand from buyers. This creates a stable environment where neither buyers nor sellers have a significant advantage. Homes are selling at a steady pace, and prices remain relatively consistent, making it a good time for both parties to navigate the market with fair opportunities.