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Friday, November 1, 2024

Palm Springs median home prices rose by 43% in June 2021

Realestate4

The median sale price of a home sold in June 2021 in Palm Springs rose by $165,500 while total sales increased by 83.9%, according to BlockShopper.com.

In June 2021, there were 114 homes sold, with a median sale price of $550,500 - a 43% increase over the $385,000 median sale price for the same period of the previous year. There were 62 homes sold in Palm Springs in June 2020.

The median sales tax in Palm Springs for the most recent year with available data, 2019, was $3,474, approximately 0.6% of the median home sale price for June 2021.

The following table compares Palm Springs 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)
La Quinta11949142.9%$620,000$390,00059%
Canyon Lake1620-20%$592,500$520,00013.9%
Winchester 3216100%$580,000$469,50023.5%
Murrieta15971123.9%$580,000$445,00030.3%
Wildomar332250%$579,000$415,00039.5%
Palm Springs1146283.9%$550,500$385,00043%
Nuevo 110%$540,000$475,00013.7%
Riverside20810892.6%$535,000$435,00023%
Bermuda Dunes 146133.3%$521,000$466,25011.7%
Lake Elsinore5326103.8%$520,000$382,50035.9%
Calimesa46-33.3%$505,000$414,50021.8%

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