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Saturday, November 23, 2024

The second quarter of 2021: Home prices in Coachella increased

Realestate4

The median sale price of a home sold in the second quarter of 2021 in Coachella rose by $53,000 while total sales increased by 48%, according to BlockShopper.com.

From April through June of 2021, there were 37 homes sold, with a median sale price of $318,000 - a 20% increase over the $265,000 median sale price for the same period of the previous year. There were 25 homes sold in Coachella in the second quarter of 2020.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.3% of the median home sale price for the second quarter of 2021.

The following table compares Coachella to other Riverside County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Lakeland Village143366.7%$407,500$290,00040.5%
Cathedral City18258213.8%$400,500$349,50014.6%
San Jacinto1457690.8%$400,000$302,00032.5%
Hemet453195132.3%$357,000$280,00027.5%
Thousand Palms9728.6%$335,000$289,00015.9%
Coachella372548%$318,000$265,00020%
Desert Hot Springs18377137.7%$310,000$236,00031.4%
White Water 52150%$302,000$137,500119.6%
Banning7224200%$290,000$273,2506.1%
Blythe382181%$219,250$150,00046.2%
Mecca 220%$212,500$95,000123.7%

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