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Saturday, November 2, 2024

January 2021: Home prices in Cathedral City increased

Realestate2

The median sale price of a home sold in January 2021 in Cathedral City rose by $43,750 while total sales decreased by 26.2%, according to BlockShopper.com.

In January 2021, there were 31 homes sold, with a median sale price of $380,000 - a 13% increase over the $336,250 median sale price for the same period of the previous year. There were 42 homes sold in Cathedral City in January 2020.

The median sales tax in Cathedral City for the most recent year with available data, 2019, was $3,387, approximately 0.9% of the median home sale price for January 2021.

The following table compares Cathedral City 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)
Calimesa713-46.2%$415,000$380,0009.2%
Menifee 68114-40.4%$413,000$352,50017.2%
Moreno Valley76146-47.9%$404,750$346,25016.9%
Perris3445-24.4%$402,750$345,50016.6%
Bermuda Dunes 13862.5%$395,500$394,2500.3%
Cathedral City3142-26.2%$380,000$336,25013%
Indio5475-28%$377,500$313,00020.6%
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%

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