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Saturday, November 2, 2024

How did home prices perform in Coachella during January 2021?

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The median sale price of a home sold in January 2021 in Coachella fell by $15,000 while total sales decreased by 61.1%, according to BlockShopper.com.

In January 2021, there were seven homes sold, with a median sale price of $305,000 - a 4.7% decrease over the $320,000 median sale price for the same period of the previous year. There were 18 homes sold in Coachella in January 2020.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.3% of the median home sale price for January 2021.

The following table compares Coachella to other Riverside County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Lakeview 110%$365,000$390,000-6.4%
Nuevo 27-71.4%$360,500$435,000-17.1%
San Jacinto2548-47.9%$355,000$308,00015.3%
Hemet72113-36.3%$321,000$266,00020.7%
Idyllwild-Pine Cove 821-61.9%$309,000$305,0001.3%
Coachella718-61.1%$305,000$320,000-4.7%
Cherry Valley 220%$298,500$251,00018.9%
Thousand Palms4333.3%$296,750$225,00031.9%
Blythe411-63.6%$282,000$109,000158.7%
Banning1524-37.5%$280,500$250,00012.2%
Aguanga 24-50%$265,000$370,750-28.5%

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