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Thursday, November 7, 2024

Pricing for the median home in Palm Desert decreased during January 2020

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The median sale price of a home sold in January 2020 in Palm Desert fell by $6,500 while total sales decreased by 1.4%, according to BlockShopper.com.

In January 2020, there were 146 homes sold, with a median sale price of $343,500 - a 1.9% decrease over the $350,000 median sale price for the same period of the previous year. There were 148 homes sold in Palm Desert in January 2019.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 1.1% of the median home sale price for January 2020.

The following table compares Palm Desert 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)
Romoland 110%$362,000$39,091826%
Menifee 11410014%$352,500$350,0000.7%
Beaumont383411.8%$350,000$336,2504.1%
Moreno Valley14613210.6%$346,250$321,0007.9%
Perris4556-19.6%$345,500$325,0006.3%
Palm Desert146148-1.4%$343,500$350,000-1.9%
Cathedral City42420%$336,250$319,0005.4%
Lakeland Village36-50%$330,000$264,50024.8%
Coachella1822-18.2%$320,000$260,00023.1%
Indio7577-2.6%$313,000$310,0001%
San Jacinto4855-12.7%$308,000$304,5001.1%

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