The average single-family home in Palm Springs is priced at approximately $1,102,246 as of October, down 1.4% from a year ago and 22.3% below the 2022 peak of around $1.42 million. For anyone tracking Palm Springs home prices in 2026 or planning a move in the months ahead, that gap matters.
What the Numbers Actually Show
This correction is not uniform across property types. The regional median for detached homes across the Coachella Valley came in at $624,000 in September, down a modest 0.3% year over year. Attached homes, including condos and townhomes, held steadier: the regional median was $425,000, up 1.2% annually, and the Palm Springs attached average came in at $425,614, down only 0.7%. So while single-family prices in Palm Springs have pulled back sharply from their peak, the condo and townhome segment has absorbed the shift with far less volatility.
This is a price correction concentrated in one segment of one city, not a valley-wide collapse. That distinction matters when you are deciding where and what to buy, or how to price what you are selling.
Palm Springs Home Prices 2026: What to Expect This Season
Palm Springs enters its traditionally active winter season with prices still well below peak. Seasonal residents and second-home buyers typically return to the valley between November and March, which tends to firm up demand. Whether that translates to price recovery or simply slows the decline depends on how many listings hit the market and how sellers respond to where prices actually are today, not where they were in 2022.
Sellers who price based on 2022 comparables will sit. The data is clear on that. If you own a single-family home in Palm Springs and want to know what it is worth in this market, Find out what your home is worth →
Buyers, on the other hand, have more room to negotiate than at any point in the past three years. A 22% pullback from peak, combined with days-on-market that give you time to do real due diligence, is a materially different environment than 2021 or 2022. You can read more about the broader Coachella Valley market trends on the blog.
What This Means For You
• If you are buying a single-family home in Palm Springs, you have real negotiating room. A 22% discount from peak is not small.
• If you are selling, pricing at or below current market value is not optional. Overpriced homes are sitting, full stop.
• Condo and townhome owners have held value better than detached-home owners. That affects both your equity position and your pricing strategy. Find out what your home is worth →
• Investors watching Palm Springs home prices in 2026 should factor in seasonal demand patterns. Winter inventory levels will signal where prices head into spring.
The Palm Springs market right now rewards patience and accurate information. Buyers and sellers who work with current data, not peak-era assumptions, will make better decisions. For context on how the broader market is structured, the California Association of Realtors publishes monthly statewide and regional housing data worth bookmarking.
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Frequently Asked Questions
Are Palm Springs home prices still dropping in 2026?
As of the most recent October data, the average single-family home in Palm Springs is down 1.4% year over year and sits 22.3% below the 2022 peak. Whether prices continue to ease or stabilize depends largely on winter season demand and how sellers adjust their expectations coming into the new year.
Is now a good time to buy a home in Palm Springs?
Buyers have more negotiating power now than at any point since 2020. With single-family prices well below their 2022 highs and sellers facing real competition, the conditions favor buyers who are financially ready and willing to move at a pace that allows proper due diligence.
How are Palm Springs condo prices holding up compared to single-family homes?
Condos and townhomes have held up better. The Palm Springs attached home average is down only 0.7% year over year, while the single-family segment is down 1.4% annually and far more sharply from peak. If you are budget-sensitive or looking for a second home, the attached segment offers more price stability right now.
Sources
• California Association of Realtors
• Palm Springs Life / PS Tribune
• Coachella Valley Economic Partnership
Related reading
• Where Does the Coachella Valley Rank Among America's Best Snowbird Destinations for 2026–2027?
• Inside the $2.3M 'Happy House': What a 1950s Palm Springs Listing Tells Us About Today's Market
• Palm Desert Home Values Dipped 1.6% — Here's the Full Picture for Fall 2026