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Friday, November 1, 2024

Home prices increased in Palm Desert during the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in Palm Desert rose by $45,000 while total sales increased by 460.3%, according to BlockShopper.com.

From April through June of 2021, there were 734 homes sold, with a median sale price of $445,000 - a 11.3% increase over the $400,000 median sale price for the same period of the previous year. There were 131 homes sold in Palm Desert in the second quarter of 2020.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 0.9% of the median home sale price for the second quarter of 2021.

The following table compares Palm Desert 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)
Romoland 770%$471,000$427,00010.3%
Sun City 31200%$460,000$575,000-20%
Idyllwild-Pine Cove 6316293.8%$460,000$325,00041.5%
Menifee 446170162.4%$456,250$370,00023.3%
Homeland 51400%$450,000$585,000-23.1%
Palm Desert734131460.3%$445,000$400,00011.3%
Beaumont13555145.5%$438,000$375,00016.8%
Moreno Valley405200102.5%$430,000$350,00022.9%
Indio33987289.7%$427,000$318,00034.3%
Aguanga 132550%$425,000$360,00018.1%
Perris18385115.3%$410,000$340,00020.6%

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