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Saturday, November 2, 2024

What happened to the median home price in Cathedral City during April 2021?

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The median sale price of a home sold in April 2021 in Cathedral City rose by $50,000 while total sales increased by 341.2%, according to BlockShopper.com.

In April 2021, there were 75 homes sold, with a median sale price of $390,000 - a 14.7% increase over the $340,000 median sale price for the same period of the previous year. There were 17 homes sold in Cathedral City in April 2020.

The median sales tax in Cathedral City for the most recent year with available data, 2019, was $3,387, approximately 0.9% of the median home sale price for April 2021.

The following table compares Cathedral City to other Riverside County cities with similar median sale prices in April 2021:

CityApr. 2021 Home SalesApr. 2020 Home Sales% change (Total Home Sales)Apr. 2021 Median Sales PriceApr. 2020 Median Sales Price% change (Median Sales Price)
Rubidoux 134225%$415,000$362,50014.5%
Mountain Center 220%$412,500$509,500-19%
Perris7930163.3%$399,500$350,00014.1%
San Jacinto5125104%$395,000$300,00031.7%
Indio12827374.1%$392,000$320,00022.5%
Cathedral City7517341.2%$390,000$340,00014.7%
Lakeland Village80-$386,000$0-
Hemet17670151.4%$356,000$275,25029.3%
Desert Hot Springs6220210%$314,500$241,00030.5%
Banning249166.7%$297,500$253,00017.6%
Coachella13944.4%$295,000$262,50012.4%

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