Coachella Valley, CA

A new February 2026 housing report from the Greater Palm Springs Realtors (GPSR) shows home prices across the Coachella Valley continuing to adjust after the rapid price increases during the pandemic housing boom. The data highlights noticeable differences between cities, with some markets holding steady while others are experiencing larger corrections.

The report estimates the value of an average-size home in each city by multiplying the median price per square foot from the past three months by the typical home size.

Palm Springs Sees Largest Price Declines

Palm Springs recorded some of the largest price drops among cities in the report.

The estimated price of an average-size detached home in Palm Springs is now $1,127,144, down 8.4% from one year ago, when the estimated value was about $1,230,930.

Compared with the peak of the pandemic housing surge in 2022, the change is even more dramatic. Detached home prices in Palm Springs are now 20.5% below the 2022 high of $1,417,969.

Attached homes such as condos and townhomes also declined. The average attached home in Palm Springs is now estimated at $437,838, representing a 3.0% drop year-over-year and about 8.8% below the 2022 peak of $480,000.

Cathedral City Shows Moderate Softening

In Cathedral City, prices also moved downward but with smaller changes than in Palm Springs.

The estimated value of an average-size detached home in Cathedral City is now $572,550, down 2.2% from a year ago. Prices are also 7.1% below the 2022 peak of $616,014.

Attached homes saw a larger adjustment. The estimated value of an average-size attached home in Cathedral City is now $275,470, reflecting a 12.5% decline over the past year. That figure is about 22.7% below the 2022 high of $356,250.

Rancho Mirage Remains More Stable

Rancho Mirage showed more stability compared with other cities.

The estimated value of an average-size detached home in Rancho Mirage is $1,390,003, a 4.0% increase from one year ago. However, prices remain about 5.0% below the 2022 peak of $1,463,230.

Attached homes in Rancho Mirage also increased slightly, rising 1.3% year-over-year to an estimated $565,100.

Palm Desert: Prices Ease as Both Detached and Attached Homes Slip

Palm Desert saw moderate price declines in both detached and attached homes over the past year.

The estimated value of an average-size detached home in Palm Desert is now $734,848, representing a 4.3% decline compared with one year ago. Prices are also about 8.9% below the 2022 peak of $806,454.

Attached homes in Palm Desert experienced a larger drop. The estimated value of an average-size attached home is now $517,477, reflecting a 6.8% year-over-year decline and placing prices roughly 10.4% below the 2022 high of $577,600.

Indian Wells: Luxury Detached Homes Continue to Climb While Condos Dip

Indian Wells continues to show strong performance in the detached home market.

The estimated price of an average-size detached home in Indian Wells is now $2,288,207, representing an 8.6% increase over the past year. Prices have also surpassed their pandemic-era peak and are now 12.1% above the 2022 high of $2,040,640.

However, attached homes in Indian Wells moved in the opposite direction. The estimated value of an average-size attached home declined 5.6% year-over-year to $760,454, though prices remain 4.3% above the 2022 peak of $729,300.

La Quinta: Detached Homes Slightly Down While Attached Homes Reach New Highs

La Quinta’s housing market showed mixed results between detached homes and attached homes.

The estimated price of an average-size detached home in La Quinta is now $900,119, representing a 1.4% decline over the past year. Prices are now about 1.3% below the 2022 peak of $912,406.

Attached homes in La Quinta performed better. The estimated value of an average-size attached home increased 2.6% year-over-year, reaching $690,228. That figure is slightly above the 2022 peak of $687,750, making La Quinta one of the few valley cities where attached home prices have returned to their pandemic-era highs.

Indio: Prices Slide Across Both Housing Types

Indio recorded declines in both major housing categories.

The estimated value of an average-size detached home in Indio is now $630,072, down 2.1% compared with one year ago and about 4.7% below the 2022 high of $661,034.

Attached homes saw a larger correction. The estimated value of an average-size attached home in Indio is now $251,253, representing a 10.5% drop year-over-year. Prices are also 20.2% below the 2022 peak of $315,000.

Market Continues to Adjust

Overall, the report shows the desert housing market gradually stabilizing after the fast price increases during the pandemic years. Some cities, like Rancho Mirage and Indian Wells, are holding stronger price levels, while others such as Palm Springs and Cathedral City are seeing larger corrections from their pandemic highs.

Even with recent declines, home prices across the Coachella Valley remain significantly higher than they were before the pandemic housing surge, indicating that the region’s housing market continues to be one of the more valuable in inland Southern California.

The Author, Eric Gray, is a REALTOR®️ with Desert Lifestyle Properties, CA DRE 02225444

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