in Palm Springs, CA • 2026 Buying Guide
Best Month
September
$454K
Avoid
March
$497K
Potential Savings
$43K
8.6% difference
Market Type
Balanced
6.0 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$650K
-6.8% YoY
Days on Market
69
median days
Inventory
692
active listings
Sale-to-List Ratio
96.6%
room to negotiate
Jan
$487K
Feb
$495K
Mar
$497K
PeakApr
$489K
May
$475K
Jun
$473K
Jul
$479K
Aug
$486K
Sep
$454K
BestOct
$460K
Nov
$478K
Dec
$491K
Based on historical sales data in Palm Springs
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Palm Springs's median price at $650K, a 20% down payment would be approximately $130K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Palm Springs's housing market, September is typically the best time to buy a condo. During this month, prices average around $454K, which is 8.6% lower than peak prices in March. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Palm Springs is $650K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed -6.8%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Palm Springs has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Palm Springs include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Palm Springs currently spend an average of 69 days on market. This suggests a slower market where you have more time to negotiate.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Palm Springs's median price of $650K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Palm Springs? Our analysis shows that September typically offers the best prices, with homes averaging around $454K. Buying during this time could save you up to $43K compared to peak months like March.
With a median price of $650K and homes spending an average of 69 days on market, Palm Springs is currently a balanced market. There's currently 6.0 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
There are 2 real estate agents active in Palm Springs who can help you find the perfect condo. A local expert understands neighborhood nuances, pricing trends, and can help you navigate Palm Springs's specific market conditions.
Connect with local agents who specialize in condos.