Homes for Sale Under 500K in Palm Springs, CA

340 Homes

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Palm Springs, CA Housing Market Overview

Palm Springs's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 1.51-month supply of homes and an average of 74 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

74

Inventory

340

Jul 2021Apr 2024Jul 2026

Median Home Price

$610,000Down 17.01%

In Jul 2026 · YoY

Jul 2021Apr 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
340 Up 27.73%
Newly Listed Homes
153 Up 41.67%
Months of Supply
1.5 Down 30.90%

Demand

Homes Sold
403 Up 84.86%
Sale-to-List Ratio
95.6% Down 0.13%
Homes Sold Above List
8.3% Up 33.55%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Palm Springs Market Report
No. of Homes
Houses for Sale in Melody Ranch, Palm Springs
25
Houses for Sale in Baristo, Palm Springs
20
Houses for Sale in San Rafael, Palm Springs
20
Houses for Sale in Racquet Club West, Palm Springs
19
Houses for Sale in Midtown, Palm Springs
19
Houses for Sale in Tahquitz River Estates, Palm Springs
17
Houses for Sale in Racquet Club Estates, Palm Springs
16
Houses for Sale in Sonora Sunrise, Palm Springs
15
Houses for Sale in Desert Park Estates, Palm Springs
15
Houses for Sale in Gene Autry, Palm Springs
13
Houses for Sale in Tahquitz Creek Golf, Palm Springs
13
Houses for Sale in Canyon Corridor, Palm Springs
13
Houses for Sale in Movie Colony East, Palm Springs
13
Houses for Sale in Twin Palms, Palm Springs
13
Houses for Sale in Desert Highland Gateway, Palm Springs
11
Houses for Sale in Sunrise Park, Palm Springs
10
Houses for Sale in Vista Norte, Palm Springs
9
Houses for Sale in Warm Sands, Palm Springs
8
Houses for Sale in Ranch Club Estates, Palm Springs
8
Houses for Sale in Los Compadres, Palm Springs
8
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    Based on information from California Regional Multiple Listing Service, Inc. as of Aug 28, 2026, 6:46 PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2024 California Regional Multiple Listing Service. All Rights Reserved.

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Palm Springs, CA Housing Marketlink qauare
Homes Available icon

340

Homes Available

Median List Price icon

$ 610,000

Median List Price

Avg on Market icon

74 Days

Avg on Market

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