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Wednesday, November 6, 2024

Median home prices in Thousand Palms fell to $252,500 in October 2020

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The median sale price of a home sold in October 2020 in Thousand Palms fell by $42,500 while total sales decreased by 20%, according to BlockShopper.com.

In October 2020, there were four homes sold, with a median sale price of $252,500 - a 14.4% decrease over the $295,000 median sale price for the same period of the previous year. There were five homes sold in Thousand Palms in October 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 October 2020.

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

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
San Jacinto786323.8%$330,000$295,00011.9%
Hemet1821772.8%$315,000$289,0009%
Cherry Valley 126100%$302,000$232,50029.9%
Cabazon 220%$270,000$235,00014.9%
Coachella1519-21.1%$270,000$255,0005.9%
Desert Hot Springs5963-6.3%$270,000$225,00020%
White Water 10-$260,000$0-
Banning3048-37.5%$257,750$247,5004.1%
Thousand Palms45-20%$252,500$295,000-14.4%
Aguanga 23-33.3%$237,500$460,000-48.4%
Blythe16160%$172,500$150,00015%

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