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What happened to the median home price in Palm Desert during January 2021?

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The median sale price of a home sold in January 2021 in Palm Desert rose by $81,000 while total sales decreased by 18.5%, according to BlockShopper.com.

In January 2021, there were 119 homes sold, with a median sale price of $424,500 - a 23.6% increase over the $343,500 median sale price for the same period of the previous year. There were 146 homes sold in Palm Desert in January 2020.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 0.9% of the median home sale price for January 2021.

The following table compares Palm Desert 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)
Romoland 41300%$462,000$362,00027.6%
Lake Elsinore2658-55.2%$458,500$376,75021.7%
Mountain Center 25-60%$442,000$235,00088.1%
Lakeland Village23-33.3%$432,500$330,00031.1%
Beaumont1938-50%$425,000$350,00021.4%
Palm Desert119146-18.5%$424,500$343,50023.6%
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%

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