What is the median price for Condos & Condominiums in Palm Springs?

The median price for Condos & Condominiums in Palm Springs, CA is $439,950 based on 1,054 recent closed sales.

Is the Palm Springs market hot for condos & condominiums?

The Palm Springs condos & condominiums market is currently hot with 87.8 months of supply and 87.8 closed sales per month.

How do I get an appraisal for a condos & condominiums in Palm Springs?

Call (909) 266-0644, text (909) 566-2866, or schedule online at ScheduleAppraisal.com. Certified residential appraisals start at $350.

Riverside County · 🏢 Condos & Condominiums

Updated today · based on latest MLS activity

Condos & Condominiums Market Report — Palm Springs, CA

Median price $439,950 with a hot market, 1,054 closed sales, and 87.8 months of supply.

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Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Market Summary

$439,950

Median Price

$350.7/sf

Median PSF

15.4%

Price Change

Hot

Market Temperature

87.8 mo

Absorption Rate

📈 Seller

Market Type

What's Your Condos & Condominiums Worth in Palm Springs?

Based on 1,054 recent closed sales, a typical condos & condominiums in Palm Springs falls in this range:

$351,960 – $527,940

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value →

Supply & Demand

Activity

Active listings: 1,399

Pending: 216

Closed / month: 87.8

Market balance: Seller Strong

Recommendation

Use recent condos & condominiums sales to price for a hot market in Palm Springs.

Review pending count and active supply before making price or offer timing decisions in this hot segment.

Inventory

1,399

Active

216

Pending

227

Closed 30d

615

Closed 90d

$439,950

Median Active Price

110

Avg Days Active

Monthly Trend Chart

$418,000

25-06

$383,500

25-07

$439,900

25-08

$330,000

25-09

$395,500

25-10

$419,500

25-11

$447,500

25-12

$435,000

26-01

$310,000

26-02

$482,000

26-03

$499,000

Condominiums in Palm Springs serve a distinct slice of the Inland Empire market where buyers balance payment sensitivity with convenience, amenities, and lower maintenance ownership. The clearest pricing differences usually come from HOA quality, project reputation, parking, and whether a unit feels competitive with nearby entry-level detached options.

For Condo Buyers & Investors in Palm Springs

Condo valuations in Palm Springs depend heavily on HOA financials, special assessment history, and comparable sales within the same complex. Lenders scrutinize condo project approval status, warrantability, and owner-occupancy ratios.

Thomas Appraisal has deep experience with condo valuations across Southern California. Whether you are buying, selling, or refinancing, get a certified appraisal that reflects true market value — not just the last sale in the building.

Condos & Condominiums FAQ

What should I compare first for condo comps in Palm Springs?

For condos in Palm Springs, buyers usually compare the complex first and the unit second. HOA quality, amenities, parking, floor level, view, and monthly dues often matter as much as square footage when explaining price differences.

Do HOA dues affect condo value in Palm Springs?

Yes. Higher dues can be supported when they clearly cover strong amenities, exterior maintenance, or gated access, but they can also cap buyer affordability. In Palm Springs, condo pricing works best when you compare units with similar HOA obligations and community quality.

Should attached and detached condos be mixed together?

Usually no. Detached condos in Palm Springs often compete with small single-family homes, while attached units compete more directly inside the same project type. Keeping those groups separate helps preserve a cleaner value range.

Why do condo values vary so much between neighboring communities?

Condo buyers in the Inland Empire are highly sensitive to community feel, financing friendliness, and shared-area maintenance. Two nearby projects in Palm Springs can show very different pricing if one has stronger upkeep, better parking, or lower perceived risk.

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

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