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Coachella Today

Tuesday, November 5, 2024

Desert Hot Springs median home prices rose by 12.5% in 2020

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The median sale price of a home sold in 2020 in Desert Hot Springs rose by $27,750 while total sales increased by 11.6%, according to BlockShopper.com.

From January through December of 2020, there were 489 homes sold, with a median sale price of $250,000 - a 12.5% increase over the $222,250 median sale price for the previous year. There were 438 homes sold in Desert Hot Springs in 2019.

The median sales tax in Desert Hot Springs for the most recent year with available data, 2016, was $2,234, approximately 0.9% of the median home sale price for 2020.

The following table compares Desert Hot Springs to other Riverside County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Thermal220%$303,500$137,500120.7%
Hemet1,2871,1928%$299,000$266,25012.3%
Sun City 34-25%$295,000$270,0009.3%
Coachella1331283.9%$280,000$257,7508.6%
Banning222234-5.1%$268,500$250,0007.4%
White Water 111010%$260,000$253,2502.7%
Thousand Palms392839.3%$255,000$274,500-7.1%
Desert Hot Springs48943811.6%$250,000$222,25012.5%
Cabazon 19185.6%$212,500$198,7506.9%
Blythe1148829.5%$159,000$139,50014%
Mecca 990%$140,000$168,000-16.7%

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