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Saturday, November 23, 2024

What happened to the median home price in Coachella during June 2021?

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The median sale price of a home sold in June 2021 in Coachella rose by $55,000 while total sales increased by 25%, according to BlockShopper.com.

In June 2021, there were 10 homes sold, with a median sale price of $342,500 - a 19.1% increase over the $287,500 median sale price for the same period of the previous year. There were eight homes sold in Coachella in June 2020.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.2% of the median home sale price for June 2021.

The following table compares Coachella to other Riverside County cities with similar median sale prices in June 2021:

CityJune 2021 Home SalesJune 2020 Home Sales% change (Total Home Sales)June 2021 Median Sales PriceJune 2020 Median Sales Price% change (Median Sales Price)
Cathedral City352540%$425,000$360,00018.1%
Aguanga 31200%$425,000$415,0002.4%
White Water 10-$409,000$0-
San Jacinto362828.6%$405,000$305,50032.6%
Hemet906636.4%$347,500$277,25025.3%
Coachella10825%$342,500$287,50019.1%
Sun City 110%$340,000$575,000-40.9%
Thousand Palms35-40%$335,000$281,50019%
Desert Hot Springs413132.3%$310,000$230,00034.8%
Cherry Valley 30-$304,000$0-
Banning187157.1%$285,000$320,000-10.9%

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