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Saturday, November 23, 2024

Coachella home prices rose 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 Coachella rose by $27,000 while total sales increased by 2.7%, according to BlockShopper.com.

From January through June of 2021, there were 77 homes sold, with a median sale price of $307,000 - a 9.6% increase over the $280,000 median sale price for the same period of the previous year. There were 75 homes sold in Coachella in the first half 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 first half of 2021.

The following table compares Coachella 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)
Lakeland Village3516118.8%$368,000$312,50017.8%
Lakeview 3250%$365,000$445,000-18%
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%

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