In February 2021, there were 96 homes sold, with a median sale price of $497,500 - a 17.8% increase over the $422,500 median sale price for the same period of the previous year. There were 126 homes sold in Palm Springs in February 2020.
The median sales tax in Palm Springs for the most recent year with available data, 2019, was $3,474, approximately 0.7% of the median home sale price for February 2021.
The following table compares Palm Springs to other Riverside County cities with similar median sale prices in February 2021:
| City | Feb. 2021 Home Sales | Feb. 2020 Home Sales | % change (Total Home Sales) | Feb. 2021 Median Sales Price | Feb. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mountain Center | 3 | 2 | 50% | $530,000 | $484,500 | 9.4% |
| Wildomar | 17 | 32 | -46.9% | $527,500 | $419,500 | 25.7% |
| Winchester | 32 | 39 | -17.9% | $527,500 | $425,000 | 24.1% |
| Murrieta | 114 | 151 | -24.5% | $515,000 | $438,000 | 17.6% |
| Idyllwild-Pine Cove | 13 | 16 | -18.8% | $510,000 | $352,500 | 44.7% |
| Palm Springs | 96 | 126 | -23.8% | $497,500 | $422,500 | 17.8% |
| Colton | 1 | 0 | - | $495,000 | $0 | - |
| Anza | 1 | 3 | -66.7% | $494,000 | $480,000 | 2.9% |
| Riverside | 152 | 262 | -42% | $477,500 | $420,000 | 13.7% |
| Romoland | 1 | 1 | 0% | $475,000 | $364,000 | 30.5% |
| Lake Elsinore | 36 | 72 | -50% | $469,000 | $385,000 | 21.8% |
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