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Friday, November 1, 2024

Home prices increased in Palm Desert during October 2021

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The median sale price of a home sold in October 2021 in Palm Desert rose by $105,000 while total sales decreased by 66%, according to BlockShopper.com.

In October 2021, there were 89 homes sold, with a median sale price of $485,000 - a 27.6% increase over the $380,000 median sale price for the same period of the previous year. There were 262 homes sold in Palm Desert in October 2020.

The median sales tax in Palm Desert for the most recent year with available data, 2019, was $3,935, approximately 0.8% of the median home sale price for October 2021.

The following table compares Palm Desert 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)
Idyllwild-Pine Cove 838-78.9%$507,500$385,50031.6%
Menifee 88174-49.4%$502,500$399,50025.8%
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%

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