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DESERT HOT SPRINGS, CA 92240

Real Estate Market Report  ·  Riverside County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 92240

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Market Analysis

Data as of April 2026. Source: Realtor.com.

The DESERT HOT SPRINGS, CA real estate market (92240) currently shows 256 active listings, with 63 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 65 days on market compared to 55 days last year.

The median listing price has fallen 5% year-over-year, from $442,750 to $420,475.

Whether you are buying or selling in DESERT HOT SPRINGS, CA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 40,755  ·  Density: 440.7/mi²  ·  Median household income: $48,469

Typical home value: $269,922  ·  Homeownership: 52.6%

Market Overview

Active Listings
256
⇩ 3.4% vs 265 last year
Pending
63
25% pending ratio
Median Price
$420,475
⇩ 5% vs $442,750 last year
Average Price
$427,916
⇩ 5.3% vs $451,790 last year
Days on Market
65
⇧ 18.2% vs 55 days last year

Price Per Square Foot

Median $/sqft
$259
⇩ 1.9% vs $264/sqft last year
Median Home Size
1,665 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 256 this year vs 265 last year
  • Days on market: 65 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $420,475 (-5% YoY)
  • Average: $427,916 (-5.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.5 miles — 3,348 listings ($3,660,327,508 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
92240Desert Hot Springs, CA 922400.0 mi250$106,978,750$419,500$427,915
92262Palm Springs, CA 922626.6 mi540$600,528,600$788,950$1,112,090
92256Morongo Valley, CA 9225610.0 mi43$17,794,991$380,000$413,837
92276Thousand Palms, CA 9227611.3 mi15$6,548,415$449,000$436,561
92268Pioneertown, CA 9226814.5 mi15$17,938,305$990,000$1,195,887
92549Idyllwild, CA 9254914.9 mi95$53,282,935$488,250$560,873
92284Yucca Valley, CA 9228415.3 mi249$133,233,675$461,250$535,075
92211Palm Desert, CA 9221116.8 mi621$405,420,471$554,725$652,851
92260Palm Desert, CA 9226018.8 mi410$600,287,560$649,750$1,464,116
92210Indian Wells, CA 9221020.1 mi154$299,118,820$1,347,250$1,942,330
92203Indio, CA 9220321.2 mi296$206,086,152$597,000$696,237
92305Angelus Oaks, CA 9230523.4 mi17$8,600,725$378,725$505,925
92253La Quinta, CA 9225324.5 mi643$1,204,508,109$898,000$1,873,263

Frequently Asked Questions

How many homes are for sale in DESERT HOT SPRINGS, CA 92240?

As of April 2026, there are 256 active listings in DESERT HOT SPRINGS, CA (zip code 92240), compared to 265 the prior year.

What is the median home price in DESERT HOT SPRINGS, CA 92240?

The median listing price in DESERT HOT SPRINGS, CA 92240 is $420,475 as of April 2026, a 5% decrease from $442,750 the prior year.

How long do homes stay on the market in DESERT HOT SPRINGS, CA?

Homes in DESERT HOT SPRINGS, CA 92240 spend an average of 65 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in DESERT HOT SPRINGS, CA 92240?

Based on current inventory and days-on-market data as of April 2026, DESERT HOT SPRINGS, CA 92240 is currently a Balanced Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 65 days on market compared to 55 days last year.

How much can I save on real estate commission in DESERT HOT SPRINGS, CA?

With SELL123.com's maximum 3% commission, sellers in DESERT HOT SPRINGS, CA 92240 save an estimated $8,410 compared to a typical 5% commission on the median listing price of $420,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.