From October through December of 2020, there were 17 homes sold, with a median sale price of $255,000 - a 8.9% decrease over the $280,000 median sale price for the same period of the previous year. There were 10 homes sold in Thousand Palms in the fourth quarter of 2019.
The median sales tax in Thousand Palms for the most recent year with available data, 2019, was $2,597, approximately 1% of the median home sale price for the fourth quarter of 2020.
The following table compares Thousand Palms to other Riverside County cities with similar median sale prices in the fourth quarter of 2020:
| City | Oct. - Dec. 2020 Home Sales | Oct. - Dec. 2019 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2020 Median Sales Price | Oct. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakeland Village | 27 | 22 | 22.7% | $335,000 | $304,000 | 10.2% |
| Aguanga | 9 | 11 | -18.2% | $330,000 | $326,000 | 1.2% |
| Hemet | 536 | 486 | 10.3% | $325,000 | $280,000 | 16.1% |
| Coachella | 44 | 57 | -22.8% | $277,000 | $260,000 | 6.5% |
| Desert Hot Springs | 197 | 182 | 8.2% | $271,000 | $229,500 | 18.1% |
| Banning | 96 | 103 | -6.8% | $268,750 | $250,000 | 7.5% |
| White Water | 3 | 0 | - | $261,000 | $0 | - |
| Cabazon | 10 | 8 | 25% | $257,500 | $198,500 | 29.7% |
| Thousand Palms | 17 | 10 | 70% | $255,000 | $280,000 | -8.9% |
| Blythe | 41 | 39 | 5.1% | $160,000 | $160,000 | 0% |
| Mecca | 2 | 6 | -66.7% | $145,000 | $188,250 | -23% |
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