In December 2019, there were 112 homes sold, with a median sale price of $379,500 - a 11.7% decrease over the $430,000 median sale price for the same period of the previous year. There were 113 homes sold in Palm Springs in December 2018.
The median sales tax in Palm Springs for 2019 was $3,474. In 2018, the median sales tax was $3,337. This marks an increase of 4.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.9%.
The following table compares Palm Springs to other Riverside County cities with similar median sale prices in December 2019:
| City | Dec. 2019 Home Sales | Dec. 2018 Home Sales | % change (Total Home Sales) | Dec. 2019 Median Sales Price | Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Riverside | 260 | 257 | 1.2% | $422,250 | $400,000 | 5.6% |
| Romoland | 5 | 6 | -16.7% | $413,000 | $398,000 | 3.8% |
| Wildomar | 40 | 27 | 48.1% | $404,000 | $398,000 | 1.5% |
| Rubidoux | 19 | 21 | -9.5% | $398,000 | $345,000 | 15.4% |
| Lake Elsinore | 70 | 60 | 16.7% | $384,500 | $372,500 | 3.2% |
| Palm Springs | 112 | 113 | -0.9% | $379,500 | $430,000 | -11.7% |
| Calimesa | 18 | 6 | 200% | $365,500 | $300,750 | 21.5% |
| Beaumont | 40 | 41 | -2.4% | $360,000 | $334,000 | 7.8% |
| Menifee | 154 | 112 | 37.5% | $350,000 | $341,750 | 2.4% |
| Moreno Valley | 179 | 137 | 30.7% | $350,000 | $330,000 | 6.1% |
| Lakeland Village | 7 | 4 | 75% | $350,000 | $255,000 | 37.3% |
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