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Friday, November 1, 2024

Median home prices in Palm Desert fell to $247,000 in November 2021

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The median sale price of a home sold in November 2021 in Palm Desert fell by $148,000 while total sales decreased by 99.1%, according to BlockShopper.com.

In November 2021, there were two homes sold, with a median sale price of $247,000 - a 37.5% decrease over the $395,000 median sale price for the same period of the previous year. There were 229 homes sold in Palm Desert in November 2020.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 1.6% of the median home sale price for November 2021.

The following table compares Palm Desert to other Riverside County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Temecula2196-99%$700,000$537,00030.4%
Palm Springs3171-98.2%$690,000$450,00053.3%
Corona4244-98.4%$630,000$580,0008.6%
Nuevo 112-91.7%$580,000$507,75014.2%
Moreno Valley5152-96.7%$526,000$389,00035.2%
Indio1110-99.1%$450,000$361,25024.6%
Riverside1347-99.7%$430,000$455,000-5.5%
Menifee 2140-98.6%$377,000$407,500-7.5%
Cathedral City256-96.4%$365,000$394,000-7.4%
Lakeland Village110-90%$360,000$307,50017.1%
Palm Desert2229-99.1%$247,000$395,000-37.5%

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