Palm Desert Real Estate

In February 2026, the Palm Desert, CA real estate market experienced a cooling trend, with home prices declining 13.1% year over year to a median of $556K. Homes in Palm Desert are taking slightly longer to sell, averaging 84 days on the market compared to 79 days last year, reflecting shifting demand in the Palm Desert housing market. Despite this, sales activity remains steady, with 120 homes sold in February, down from 135 the previous year, highlighting evolving conditions in Palm Desert homes for sale and the broader desert real estate landscape.

The Palm Desert, CA housing market is currently considered somewhat competitive, with homes typically receiving about 1 offer on average and selling in approximately 84 days. The median home sale price in Palm Desert stands at $556K last month, reflecting a 13.1% decrease year over year and signaling shifting conditions in the Palm Desert, CA real estate market. Meanwhile, the median sale price per square foot is $345, slightly down 0.58% from last year, highlighting continued price adjustments across Palm Desert homes for sale and broader local housing trends.

Across the nation, 4% of homebuyers searched to move into Palm Desert, CA from outside metros, with San Francisco buyers showing the strongest interest, followed by Boston and Seattle. At the same time, 78% of Palm Desert, CA homebuyers searched to stay within the local metropolitan area, highlighting steady in-market demand in the Palm Desert, CA real estate landscape. For those looking to relocate, San Diego was the most popular destination among Palm Desert homebuyers, followed by Las Vegas and Bakersfield, reflecting diverse migration trends influencing Palm Desert, CA homes for sale and overall market activity.