From October through December of 2018, there were 159 homes sold, with a median sale price of $307,000 - a 4.5% increase over the $293,750 median sale price for the same period of the previous year. There were 188 homes sold in Cathedral City in the fourth quarter of 2017.
The median sales tax in Cathedral City for the most recent year with available data, 2016, was $3,058, approximately 1% of the median home sale price for the fourth quarter of 2018.
The following table compares Cathedral City to other Riverside County cities with similar median sales prices in the fourth quarter of 2018:
City | Oct. - Dec. 2018 Home Sales | Oct. - Dec. 2017 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2018 Median Sales Price | Oct. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Menifee | 392 | 422 | -7.1% | $338,250 | $325,000 | 4.1% |
Moreno Valley | 459 | 606 | -24.3% | $329,500 | $312,000 | 5.6% |
Perris | 220 | 228 | -3.5% | $320,500 | $295,000 | 8.6% |
Indio | 294 | 315 | -6.7% | $320,000 | $300,000 | 6.7% |
Idyllwild-Pine Cove | 43 | 56 | -23.2% | $312,500 | $301,500 | 3.6% |
Cathedral City | 159 | 188 | -15.4% | $307,000 | $293,750 | 4.5% |
Lakeland Village | 20 | 25 | -20% | $303,000 | $245,000 | 23.7% |
Aguanga | 7 | 11 | -36.4% | $300,000 | $355,000 | -15.5% |
San Jacinto | 187 | 188 | -0.5% | $290,000 | $267,500 | 8.4% |
Cherry Valley | 14 | 18 | -22.2% | $273,500 | $359,750 | -24% |
Hemet | 422 | 492 | -14.2% | $269,250 | $253,000 | 6.4% |