The median sale price of a home sold in January 2020 in Palm Springs rose by $12,500 while total sales decreased by 12.1%, according to BlockShopper.com.
In January 2020, there were 102 homes sold, with a median sale price of $450,000 – a 2.9% increase over the $437,500 median sale price for the same period of the previous year. There were 116 homes sold in Palm Springs in January 2019.
The median sales tax in Palm Springs for the most recent year with available data, 2019, was $3,474, approximately 0.8% of the median home sale price for January 2020.
The following table compares Palm Springs to other Riverside County cities with similar median sale prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mira Loma | 9 | 5 | 80% | $540,000 | $470,000 | 14.9% |
| Rancho Mirage | 64 | 50 | 28% | $512,500 | $599,500 | -14.5% |
| Corona | 144 | 156 | -7.7% | $505,000 | $528,000 | -4.4% |
| Canyon Lake | 9 | 14 | -35.7% | $475,000 | $377,750 | 25.7% |
| Temecula | 135 | 103 | 31.1% | $472,500 | $450,000 | 5% |
| Palm Springs | 102 | 116 | -12.1% | $450,000 | $437,500 | 2.9% |
| Nuevo | 7 | 2 | 250% | $435,000 | $415,000 | 4.8% |
| La Quinta | 118 | 101 | 16.8% | $434,750 | $465,000 | -6.5% |
| Colton | 2 | 1 | 100% | $433,000 | $570,000 | -24% |
| Murrieta | 137 | 100 | 37% | $430,000 | $410,000 | 4.9% |
| Riverside | 245 | 208 | 17.8% | $417,000 | $398,250 | 4.7% |
