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Sunday, November 24, 2024

Desert Hot Springs median home prices rose by 22.7% in the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Desert Hot Springs rose by $55,000 while total sales increased by 57.5%, according to BlockShopper.com.

From January through June of 2021, there were 367 homes sold, with a median sale price of $297,000 - a 22.7% increase over the $242,000 median sale price for the same period of the previous year. There were 233 homes sold in Desert Hot Springs in the first half of 2020.

The median sales tax in Desert Hot Springs for the most recent year with available data, 2019, was $2,628, approximately 0.9% of the median home sale price for the first half of 2021.

The following table compares Desert Hot Springs to other Riverside County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Cherry Valley 341978.9%$353,000$265,00033.2%
Hemet93358360%$343,000$283,00021.2%
Thousand Palms241560%$328,750$280,00017.4%
Coachella77752.7%$307,000$280,0009.6%
White Water 104150%$305,000$160,00090.6%
Anza 11110%$300,000$370,500-19%
Banning1659181.3%$299,000$255,00017.3%
Desert Hot Springs36723357.5%$297,000$242,00022.7%
Cabazon 12850%$237,500$139,50070.3%
Mecca 26-66.7%$212,500$116,00083.2%
Blythe724753.2%$205,500$172,00019.5%

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