Homes in Palm Springs have sold for 2.5% more than they did a year ago. Summary: The median home sold price in Palm Springs was $635,164 in March 2024, up 2.5% from last year, and the median price per square foot was $420.
A popular desert resort since the 1930s, Palm Springs is among the largest cities in the Coachella Valley. Sometimes confused with Florida’s Palm Beach, Palm Springs has plenty of palm trees, sand, elegant homes, golf courses and swimming pools — but no ocean. It's tucked away amid natural scenery with towering mountains rising up over the eastern side of the city, while desert hills stretch northward. “It’s a progressive city, and it’s really booming. Prices are rising really quickly,” says Realtor Jeff Litton of HomeSmart Palm Springs, who grew up in the city and has worked in real estate there for four decades. “There are a lot of people moving here from the Bay Area and Los Angeles.”
Palm Springs is a mecca for fans of 20th-century architecture, with midcentury modern and Spanish hacienda taking the cake as the most popular styles. ?Condos are also found throughout the city, including 1970s apartment-style dwellings at Americana Gardens, 1970s small Hacienda-style detached homes at Canyon Sands, 1980s modern split-levels at the Village Racquet Club and uber-modern attached town houses at Cody Place. Mobile home communities range from the 55-plus Sahara Park to all-ages communities such as the Palm Canyon Mobile Club and the midcentury modern-style Horizon Mobile Village & RV Park. Prices in Palm Springs range from as low as $500,000 for smaller, older homes, while sprawling, luxury estates can top $5 million.
Biljana Gallardo LL.B., Broker, Realtor®
Biljana Gallardo LL.B., Broker, Realtor®, LHC®, SRES®, RSPS®, SFR®, C.P.R.E.S.® Broker/Owner CA DRE # 02008376
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