From July through September of 2021, there were 10 homes sold, with a median sale price of $357,250 - a 38.7% increase over the $257,500 median sale price for the same period of the previous year. There were 16 homes sold in Thousand Palms in the third quarter of 2020.
The median sales tax in Thousand Palms for the most recent year with available data, 2019, was $2,597, approximately 0.7% of the median home sale price for the third quarter of 2021.
The following table compares Thousand Palms to other Riverside County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| San Jacinto | 185 | 150 | 23.3% | $420,000 | $336,500 | 24.8% |
| Lakeland Village | 17 | 21 | -19% | $410,000 | $319,000 | 28.5% |
| Hemet | 471 | 438 | 7.5% | $395,000 | $305,500 | 29.3% |
| Lakeview | 2 | 3 | -33.3% | $385,000 | $410,000 | -6.1% |
| Anza | 7 | 11 | -36.4% | $380,000 | $397,000 | -4.3% |
| Thousand Palms | 10 | 16 | -37.5% | $357,250 | $257,500 | 38.7% |
| Coachella | 38 | 38 | 0% | $352,500 | $287,500 | 22.6% |
| Banning | 69 | 85 | -18.8% | $340,000 | $270,000 | 25.9% |
| Sun City | 3 | 2 | 50% | $339,000 | $256,250 | 32.3% |
| Desert Hot Springs | 194 | 157 | 23.6% | $310,000 | $255,000 | 21.6% |
| White Water | 2 | 5 | -60% | $285,000 | $260,000 | 9.6% |
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