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Friday, November 1, 2024

June 2021: Cathedral City experienced a 18.1% increase in median home prices

Realestate077

The median sale price of a home sold in June 2021 in Cathedral City rose by $65,000 while total sales increased by 40%, according to BlockShopper.com.

In June 2021, there were 35 homes sold, with a median sale price of $425,000 - a 18.1% increase over the $360,000 median sale price for the same period of the previous year. There were 25 homes sold in Cathedral City in June 2020.

The median sales tax in Cathedral City for the most recent year with available data, 2019, was $3,387, approximately 0.8% of the median home sale price for June 2021.

The following table compares Cathedral City 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)
Palm Desert16458182.8%$449,000$422,5006.3%
Lakeland Village21100%$447,500$290,00054.3%
Indio723889.5%$437,500$319,00037.1%
Idyllwild-Pine Cove 9650%$435,000$325,00033.8%
Moreno Valley947427%$432,000$350,00023.4%
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%

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