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Friday, November 1, 2024

What happened to the median home price in Coachella during August 2021?

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The median sale price of a home sold in August 2021 in Coachella rose by $65,000 while total sales decreased by 36.4%, according to BlockShopper.com.

In August 2021, there were seven homes sold, with a median sale price of $350,000 - a 22.8% increase over the $285,000 median sale price for the same period of the previous year. There were 11 homes sold in Coachella in August 2020.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.1% of the median home sale price for August 2021.

The following table compares Coachella to other Riverside County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Thousand Palms24-50%$427,500$321,00033.2%
San Jacinto3248-33.3%$415,000$327,50026.7%
Cherry Valley 27-71.4%$414,500$484,500-14.4%
Hemet74147-49.7%$390,000$300,00030%
Lakeview 12-50%$365,000$431,000-15.3%
Coachella711-36.4%$350,000$285,00022.8%
Banning623-73.9%$330,000$270,00022.2%
Cabazon 15-80%$310,000$250,00024%
Blythe716-56.3%$301,000$154,00095.5%
Bermuda Dunes 314-78.6%$300,000$387,500-22.6%
Lakeland Village25-60%$299,000$382,500-21.8%

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