From April through June of 2021, there were 436 homes sold, with a median sale price of $625,000 - a 66.7% increase over the $375,000 median sale price for the same period of the previous year. There were 131 homes sold in Palm Springs in the second quarter of 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 the second quarter of 2021.
The following table compares Palm Springs to other Riverside County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Norco | 64 | 36 | 77.8% | $732,500 | $549,750 | 33.2% |
| Rancho Mirage | 238 | 56 | 325% | $710,000 | $545,000 | 30.3% |
| Corona | 616 | 217 | 183.9% | $660,000 | $535,000 | 23.4% |
| Mira Loma | 28 | 11 | 154.5% | $650,000 | $458,000 | 41.9% |
| Temecula | 554 | 147 | 276.9% | $630,000 | $495,000 | 27.3% |
| Palm Springs | 436 | 131 | 232.8% | $625,000 | $375,000 | 66.7% |
| La Quinta | 548 | 104 | 426.9% | $620,000 | $402,000 | 54.2% |
| Canyon Lake | 59 | 36 | 63.9% | $600,000 | $464,500 | 29.2% |
| Murrieta | 608 | 164 | 270.7% | $571,000 | $434,500 | 31.4% |
| Lakeview | 1 | 0 | - | $560,000 | $0 | - |
| Winchester | 136 | 46 | 195.7% | $550,000 | $435,000 | 26.4% |
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