From July through September of 2021, there were 372 homes sold, with a median sale price of $605,500 - a 12.8% increase over the $537,000 median sale price for the same period of the previous year. There were 494 homes sold in Palm Springs in the third quarter of 2020.
The median sales tax in Palm Springs for the most recent year with available data, 2019, was $3,474, approximately 0.6% of the median home sale price for the third quarter of 2021.
The following table compares Palm Springs 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) |
|---|---|---|---|---|---|---|
| Rancho Mirage | 165 | 284 | -41.9% | $700,000 | $563,409 | 24.2% |
| Corona | 652 | 731 | -10.8% | $700,000 | $570,000 | 22.8% |
| Temecula | 517 | 561 | -7.8% | $660,000 | $525,000 | 25.7% |
| Mira Loma | 39 | 36 | 8.3% | $635,000 | $545,000 | 16.5% |
| Canyon Lake | 93 | 116 | -19.8% | $615,000 | $530,000 | 16% |
| Palm Springs | 372 | 494 | -24.7% | $605,500 | $537,000 | 12.8% |
| La Quinta | 329 | 461 | -28.6% | $599,000 | $505,000 | 18.6% |
| Murrieta | 601 | 674 | -10.8% | $595,000 | $473,250 | 25.7% |
| Winchester | 108 | 129 | -16.3% | $592,500 | $465,000 | 27.4% |
| Wildomar | 107 | 91 | 17.6% | $570,000 | $470,000 | 21.3% |
| Romoland | 6 | 4 | 50% | $567,500 | $423,000 | 34.2% |
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