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Friday, November 1, 2024

Desert Hot Springs home prices rise in 2018

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The median sale price of a home sold in 2018 in Desert Hot Springs rose by $16,500 while total sales increased by 10.8%, according to BlockShopper.com.

From January through December of 2018, there were 771 homes sold, with a median sale price of $210,000 - a 8.5% increase over the $193,500 median sale price for the previous year. There were 696 homes sold in Desert Hot Springs in 2017.

The median sales tax in Desert Hot Springs for the most recent year with available data, 2016, was $2,234, approximately 1.1% of the median home sale price for 2018.

The following table compares Desert Hot Springs 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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