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Saturday, November 2, 2024

What happened to the median home price in Coachella during September 2020?

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The median sale price of a home sold in September 2020 in Coachella rose by $29,000 while total sales decreased by 6.3%, according to BlockShopper.com.

In September 2020, there were 15 homes sold, with a median sale price of $295,000 - a 10.9% increase over the $266,000 median sale price for the same period of the previous year. There were 16 homes sold in Coachella in September 2019.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.4% of the median home sale price for September 2020.

The following table compares Coachella to other Riverside County cities with similar median sale prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Nuevo 26-66.7%$361,000$418,000-13.6%
San Jacinto5975-21.3%$343,000$300,50014.1%
Hemet18514725.9%$318,000$285,00011.6%
White Water 3250%$309,500$255,00021.4%
Cherry Valley 510-50%$305,000$354,000-13.8%
Coachella1516-6.3%$295,000$266,00010.9%
Sun City 10-$295,000$0-
Lakeland Village812-33.3%$286,000$247,50015.6%
Banning322814.3%$280,750$234,50019.7%
Desert Hot Springs645614.3%$275,000$213,50028.8%
Thousand Palms6520%$262,000$284,000-7.7%

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