From January through December of 2020, there were 39 homes sold, with a median sale price of $255,000 - a 7.1% decrease over the $274,500 median sale price for the previous year. There were 28 homes sold in Thousand Palms in 2019.
The median sales tax in Thousand Palms for the most recent year with available data, 2016, was $2,465, approximately 1% of the median home sale price for 2020.
The following table compares Thousand Palms to other Riverside County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Thermal | 2 | 2 | 0% | $303,500 | $137,500 | 120.7% |
| Hemet | 1,287 | 1,192 | 8% | $299,000 | $266,250 | 12.3% |
| Sun City | 3 | 4 | -25% | $295,000 | $270,000 | 9.3% |
| Coachella | 133 | 128 | 3.9% | $280,000 | $257,750 | 8.6% |
| Banning | 222 | 234 | -5.1% | $268,500 | $250,000 | 7.4% |
| White Water | 11 | 10 | 10% | $260,000 | $253,250 | 2.7% |
| Thousand Palms | 39 | 28 | 39.3% | $255,000 | $274,500 | -7.1% |
| Desert Hot Springs | 489 | 438 | 11.6% | $250,000 | $222,250 | 12.5% |
| Cabazon | 19 | 18 | 5.6% | $212,500 | $198,750 | 6.9% |
| Blythe | 114 | 88 | 29.5% | $159,000 | $139,500 | 14% |
| Mecca | 9 | 9 | 0% | $140,000 | $168,000 | -16.7% |
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