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Tuesday, November 5, 2024

How did home prices perform in Palm Desert during November 2020?

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The median sale price of a home sold in November 2020 in Palm Desert rose by $50,000 while total sales increased by 68.4%, according to BlockShopper.com.

In November 2020, there were 229 homes sold, with a median sale price of $395,000 - a 14.5% increase over the $345,000 median sale price for the same period of the previous year. There were 136 homes sold in Palm Desert in November 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 November 2020.

The following table compares Palm Desert 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)
Bermuda Dunes 131030%$435,000$332,50030.8%
Lake Elsinore797111.3%$435,000$365,00019.2%
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%

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