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Friday, November 1, 2024

Thermal home prices rise in 2018

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The median sale price of a home sold in 2018 in Thermal rose by $31,250 while total sales increased by 125%, according to BlockShopper.com.

From January through December of 2018, there were nine homes sold, with a median sale price of $175,000 - a 21.7% increase over the $143,750 median sale price for the previous year. There were four homes sold in Thermal in 2017.

The median sales tax in Thermal for the most recent year with available data, 2016, was $1,553, approximately 0.9% of the median home sale price for 2018.

The following table compares Thermal to other Riverside County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Hemet1,8582,184-14.9%$265,000$247,5007.1%
Coachella2192132.8%$247,000$232,0006.5%
Banning3893841.3%$240,000$220,0009.1%
Thousand Palms6063-4.8%$235,750$225,0004.8%
White Water 18180%$211,000$171,00023.4%
Anza 2632-18.8%$210,250$218,500-3.8%
Desert Hot Springs77169610.8%$210,000$193,5008.5%
Thermal94125%$175,000$143,75021.7%
Cabazon 34340%$152,500$152,5000%
Blythe172177-2.8%$138,250$145,000-4.7%
Mecca 1723-26.1%$135,000$136,000-0.7%

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