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Sunday, November 24, 2024

Home prices increased in Palm Desert during February 2021

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The median sale price of a home sold in February 2021 in Palm Desert rose by $32,000 while total sales decreased by 13.6%, according to BlockShopper.com.

In February 2021, there were 152 homes sold, with a median sale price of $387,500 - a 9% increase over the $355,500 median sale price for the same period of the previous year. There were 176 homes sold in Palm Desert in February 2020.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 1% of the median home sale price for February 2021.

The following table compares Palm Desert to other Riverside County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Perris2752-48.1%$415,000$337,50023%
Menifee 92128-28.1%$410,000$352,50016.3%
Moreno Valley79125-36.8%$408,000$356,00014.6%
Rubidoux 59-44.4%$399,000$420,000-5%
Beaumont2046-56.5%$394,250$340,00016%
Palm Desert152176-13.6%$387,500$355,5009%
Cathedral City2844-36.4%$385,500$344,50011.9%
Indio6282-24.4%$373,000$325,25014.7%
Lakeland Village550%$369,000$315,00017.1%
San Jacinto3545-22.2%$363,000$310,00017.1%
Thousand Palms21100%$357,500$310,00015.3%

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