Is Palm Springs, CA 92262 a buyer’s or seller’s market?

The Palm Springs housing market right now

In the three months ending August 31, 2026, 11% of homes in Palm Springs, CA 92262 sold above their list price, the typical home went under contract in 80 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 202 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (101 days then) and the median sale price fell 16% to $594,743. Overall, Palm Springs is more competitive than a year ago, so tougher for buyers.

Within Riverside County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Palm Springs ranks #1,026 of 1,069 CA ZIP codes with enough sales (score 16 out of 100).

Nearby, buyers who want less competition could look at North Palm Springs 92258 (0% sold over asking) or Cabazon 92230 (0% sold over asking), while Moreno Valley 92553 (55% sold over asking) and Riverside 92504 (53% sold over asking) are even more competitive.