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Tuesday, November 5, 2024

Cathedral City median home prices rose by 15% in November 2020

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The median sale price of a home sold in November 2020 in Cathedral City rose by $51,500 while total sales increased by 27.3%, according to BlockShopper.com.

In November 2020, there were 56 homes sold, with a median sale price of $394,000 - a 15% increase over the $342,500 median sale price for the same period of the previous year. There were 44 homes sold in Cathedral City in November 2019.

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 November 2020.

The following table compares Cathedral City 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)
Rubidoux 191435.7%$422,000$361,25016.8%
Calimesa141216.7%$420,000$386,5918.6%
Menifee 140147-4.8%$407,500$350,00016.4%
Palm Desert22913668.4%$395,000$345,00014.5%
Beaumont7132121.9%$395,000$337,00017.2%
Cathedral City564427.3%$394,000$342,50015%
Moreno Valley152155-1.9%$389,000$339,00014.7%
Idyllwild-Pine Cove 342161.9%$385,000$307,00025.4%
Perris775540%$385,000$331,50016.1%
Indio1108037.5%$361,250$348,0003.8%
Cabazon 23-33.3%$353,500$197,00079.4%

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