In September 2019, there were five homes sold, with a median sale price of $284,000 - a 9.1% decrease over the $312,500 median sale price for the same period of the previous year. There were two homes sold in Thousand Palms in September 2018.
The median sales tax in Thousand Palms for 2019 was $2,597. In 2018, the median sales tax was $2,553. This marks an increase of 1.7%. 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 Thousand Palms to other Riverside County cities with similar median sale prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| San Jacinto | 75 | 77 | -2.6% | $300,500 | $309,000 | -2.8% |
| Indio | 99 | 100 | -1% | $300,000 | $330,500 | -9.2% |
| Lakeview | 1 | 0 | - | $299,000 | $0 | - |
| Hemet | 147 | 147 | 0% | $285,000 | $250,000 | 14% |
| Idyllwild-Pine Cove | 19 | 10 | 90% | $285,000 | $277,500 | 2.7% |
| Thousand Palms | 5 | 2 | 150% | $284,000 | $312,500 | -9.1% |
| Coachella | 16 | 13 | 23.1% | $266,000 | $287,000 | -7.3% |
| White Water | 2 | 1 | 100% | $255,000 | $185,000 | 37.8% |
| Anza | 4 | 1 | 300% | $250,000 | $55,000 | 354.5% |
| Lakeland Village | 12 | 5 | 140% | $247,500 | $350,000 | -29.3% |
| Banning | 28 | 32 | -12.5% | $234,500 | $208,750 | 12.3% |
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