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Tuesday, November 5, 2024

Palm Desert home prices rise in 2019

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The median sale price of a home sold in 2019 in Palm Desert rose by $14,000 while total sales decreased by 30.9%, according to BlockShopper.com.

From January through December of 2019, there were 1,495 homes sold, with a median sale price of $349,000 - a 4.2% increase over the $335,000 median sale price for the previous year. There were 2,163 homes sold in Palm Desert in 2018.

The median sales tax in Palm Desert for the most recent year with available data, 2016, was $3,853, approximately 1.1% of the median home sale price for 2019.

The following table compares Palm Desert to other Riverside County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Calimesa100130-23.1%$381,250$354,2507.6%
Rubidoux 115214-46.3%$377,000$365,0003.3%
Lake Elsinore555871-36.3%$369,000$370,000-0.3%
Aguanga 2327-14.8%$360,000$370,000-2.7%
Lakeview 512-58.3%$360,000$416,000-13.5%
Palm Desert1,4952,163-30.9%$349,000$335,0004.2%
Menifee 1,1411,694-32.6%$347,500$340,0002.2%
Beaumont429670-36%$338,000$326,2503.6%
Moreno Valley1,2772,139-40.3%$335,000$325,0003.1%
Perris526925-43.1%$328,500$315,0004.3%
Cathedral City456726-37.2%$325,000$302,7507.3%

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