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Thursday, November 7, 2024

Rising home prices in Desert Hot Springs in January 2020

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The median sale price of a home sold in January 2020 in Desert Hot Springs rose by $14,000 while total sales increased by 8.2%, according to BlockShopper.com.

In January 2020, there were 53 homes sold, with a median sale price of $234,000 - a 6.4% increase over the $220,000 median sale price for the same period of the previous year. There were 49 homes sold in Desert Hot Springs in January 2019.

The median sales tax in Desert Hot Springs for the most recent year with available data, 2019, was $2,628, approximately 1.1% of the median home sale price for January 2020.

The following table compares Desert Hot Springs to other Riverside County cities with similar median sale prices in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
San Jacinto4855-12.7%$308,000$304,5001.1%
Idyllwild-Pine Cove 2110110%$305,000$360,000-15.3%
Hemet1131084.6%$266,000$250,0006.4%
Cherry Valley 24-50%$251,000$253,500-1%
Banning2429-17.2%$250,000$235,0006.4%
Mountain Center 550%$235,000$625,000-62.4%
Desert Hot Springs53498.2%$234,000$220,0006.4%
Thousand Palms35-40%$225,000$201,00011.9%
Mecca 220%$175,000$161,5008.4%
Blythe115120%$109,000$165,000-33.9%
Cabazon 31200%$5,000$165,000-97%

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