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Friday, November 1, 2024

Desert Hot Springs home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Desert Hot Springs rose by $10,000 while total sales increased by 5.3%, according to BlockShopper.com.

From July through December of 2018, there were 359 homes sold, with a median sale price of $210,000 - a 5% increase over the $200,000 median sale price for the same period of the previous year. There were 341 homes sold in Desert Hot Springs in the second half of 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 the second half of 2018.

The following table compares Desert Hot Springs to other Riverside County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
San Jacinto389400-2.8%$290,000$259,00012%
Hemet8991,064-15.5%$268,000$252,5006.1%
Coachella9499-5.1%$250,000$243,5002.7%
Thousand Palms2129-27.6%$247,000$225,0009.8%
Banning188202-6.9%$240,000$230,0004.3%
Desert Hot Springs3593415.3%$210,000$200,0005%
White Water 9812.5%$210,000$154,75035.7%
Thermal61500%$180,000$127,00041.7%
Mecca 1011-9.1%$161,500$130,00024.2%
Cabazon 1718-5.6%$157,000$152,7502.8%
Blythe8187-6.9%$130,000$140,000-7.1%

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