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Friday, November 1, 2024

Home prices increased in Palm Desert during the first half of 2021

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The median sale price of a home sold in the first half of 2021 in Palm Desert rose by $73,000 while total sales increased by 132.4%, according to BlockShopper.com.

From January through June of 2021, there were 1,485 homes sold, with a median sale price of $435,000 - a 20.2% increase over the $362,000 median sale price for the same period of the previous year. There were 639 homes sold in Palm Desert in the first half 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 first half of 2021.

The following table compares Palm Desert 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)
Sun City 41300%$475,000$575,000-17.4%
Nuevo 311693.8%$470,000$425,00010.6%
Romoland 161233.3%$466,250$406,50014.7%
Rubidoux 834680.4%$458,000$395,00015.9%
Calimesa564524.4%$438,500$405,0008.3%
Palm Desert1,485639132.4%$435,000$362,00020.2%
Idyllwild-Pine Cove 1207462.2%$432,500$327,50032.1%
Menifee 91155564.1%$432,000$360,00020%
Beaumont25719333.2%$430,000$350,00022.9%
Aguanga 211190.9%$425,000$305,00039.3%
Moreno Valley87363337.9%$420,000$350,00020%

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