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Tuesday, November 5, 2024

December 2020: Palm Desert experienced a 11.9% increase in median home prices

Realestate4

The median sale price of a home sold in December 2020 in Palm Desert rose by $40,500 while total sales increased by 53.4%, according to BlockShopper.com.

In December 2020, there were 270 homes sold, with a median sale price of $380,000 - a 11.9% increase over the $339,500 median sale price for the same period of the previous year. There were 176 homes sold in Palm Desert in December 2019.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 1% of the median home sale price for December 2020.

The following table compares Palm Desert to other Riverside County cities with similar median sale prices in December 2020:

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Lakeland Village67-14.3%$393,750$350,00012.5%
Indio1448765.5%$387,500$339,00014.3%
Beaumont654062.5%$385,000$360,0006.9%
Perris7378-6.4%$385,000$349,50010.2%
Cathedral City805740.4%$381,250$340,00012.1%
Palm Desert27017653.4%$380,000$339,50011.9%
San Jacinto6163-3.2%$342,000$305,00012.1%
Hemet1781648.5%$327,000$274,50019.1%
Mountain Center 51400%$315,000$220,00043.2%
Coachella1521-28.6%$279,000$260,0007.3%
Desert Hot Springs775540%$272,000$234,00016.2%

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