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Friday, November 1, 2024

Coachella 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 Coachella rose by $6,500 while total sales decreased by 5.1%, according to BlockShopper.com.

From July through December of 2018, there were 94 homes sold, with a median sale price of $250,000 - a 2.7% increase over the $243,500 median sale price for the same period of the previous year. There were 99 homes sold in Coachella in the second half of 2017.

The median sales tax in Coachella for the most recent year with available data, 2016, was $3,148, approximately 1.3% of the median home sale price for the second half of 2018.

The following table compares Coachella 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)
Idyllwild-Pine Cove 86118-27.1%$306,000$295,5003.6%
Lakeland Village3846-17.4%$304,272.50$255,25019.2%
Cherry Valley 2946-37%$290,500$309,500-6.1%
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%

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