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Friday, November 1, 2024

October 2021: Cathedral City experienced a 26% increase in median home prices

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The median sale price of a home sold in October 2021 in Cathedral City rose by $97,500 while total sales decreased by 55.2%, according to BlockShopper.com.

In October 2021, there were 30 homes sold, with a median sale price of $472,500 - a 26% increase over the $375,000 median sale price for the same period of the previous year. There were 67 homes sold in Cathedral City in October 2020.

The median sales tax in Cathedral City for the most recent year with available data, 2019, was $3,387, approximately 0.7% of the median home sale price for October 2021.

The following table compares Cathedral City to other Riverside County cities with similar median sale prices in October 2021:

CityOct. 2021 Home SalesOct. 2020 Home Sales% change (Total Home Sales)Oct. 2021 Median Sales PriceOct. 2020 Median Sales Price% change (Median Sales Price)
Indio44134-67.2%$499,500$350,75042.4%
Bermuda Dunes 615-60%$497,500$572,000-13%
Beaumont3262-48.4%$492,500$389,00026.6%
Palm Desert89262-66%$485,000$380,00027.6%
Perris4964-23.4%$480,000$383,25025.2%
Cathedral City3067-55.2%$472,500$375,00026%
Moreno Valley76199-61.8%$469,000$376,00024.7%
San Jacinto4178-47.4%$445,000$330,00034.8%
Homeland 12-50%$420,000$555,000-24.3%
Cherry Valley 412-66.7%$403,000$302,00033.4%
Nuevo 48-50%$387,500$410,000-5.5%

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