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Tuesday, November 5, 2024

What happened to the median home price in Thousand Palms during November 2020?

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The median sale price of a home sold in November 2020 in Thousand Palms rose by $103,750 while total sales increased by 250%, according to BlockShopper.com.

In November 2020, there were seven homes sold, with a median sale price of $265,000 - a 64.3% increase over the $161,250 median sale price for the same period of the previous year. There were two homes sold in Thousand Palms in November 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 November 2020.

The following table compares Thousand Palms to other Riverside County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
White Water 10-$322,500$0-
Lakeland Village10825%$307,500$301,5002%
Banning362733.3%$285,000$269,0005.9%
Lakeview 10-$285,000$0-
Coachella1417-17.6%$280,000$283,000-1.1%
Aguanga 35-40%$280,000$110,000154.5%
Desert Hot Springs6164-4.7%$272,500$229,50018.7%
Thousand Palms72250%$265,000$161,25064.3%
Anza 45-20%$170,250$299,500-43.2%
Blythe151136.4%$160,000$158,0001.3%
Mecca 21100%$145,000$62,500132%

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