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Saturday, November 2, 2024

Coachella home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Coachella rose by $3,000 while total sales decreased by 52.9%, according to BlockShopper.com.

From July through September of 2019, there were 24 homes sold, with a median sale price of $272,500 - a 1.1% increase over the $269,500 median sale price for the same period of the previous year. There were 51 homes sold in Coachella in the third quarter of 2018.

The median sales tax in Coachella for the most recent year with available data, 2016, was $3,148, approximately 1.2% of the median home sale price for the third quarter of 2019.

The following table compares Coachella to other Riverside County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Cherry Valley 915-40%$295,000$300,000-1.7%
Lakeland Village1118-38.9%$277,000$308,772.50-10.3%
Banning6295-34.7%$275,500$235,00017.2%
Thousand Palms610-40%$275,500$230,00019.8%
Hemet274477-42.6%$275,500$265,0004%
Coachella2451-52.9%$272,500$269,5001.1%
Idyllwild-Pine Cove 1443-67.4%$267,500$290,000-7.8%
Sun City 110%$234,000$1,957,500-88%
Desert Hot Springs88190-53.7%$232,500$208,50011.5%
Anza 34-25%$225,000$101,750121.1%
Mecca 27-71.4%$175,000$163,0007.4%

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