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NW Riverside News

Sunday, November 24, 2024

Coachella median home prices rose by 36% in July 2021

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in July 2021 in Coachella rose by $98,000 while total sales decreased by 25%, according to BlockShopper.com.

In July 2021, there were nine homes sold, with a median sale price of $370,000 - a 36% increase over the $272,000 median sale price for the same period of the previous year. There were 12 homes sold in Coachella in July 2020.

The median sales tax in Coachella for the most recent year with available data, 2019, was $4,010, approximately 1.1% of the median home sale price for July 2021.

The following table compares Coachella to other Riverside County cities with similar median sale prices in July 2021:

CityJuly 2021 Home SalesJuly 2020 Home Sales% change (Total Home Sales)July 2021 Median Sales PriceJuly 2020 Median Sales Price% change (Median Sales Price)
Cathedral City3353-37.7%$425,000$360,00018.1%
Nuevo 17-85.7%$414,000$475,000-12.8%
Lakeview 10-$405,000$0-
Lakeland Village18-87.5%$400,000$313,00027.8%
Hemet84106-20.8%$382,500$294,00030.1%
Coachella912-25%$370,000$272,00036%
Banning1530-50%$330,000$255,50029.2%
Desert Hot Springs453625%$315,000$225,00040%
Thermal10-$280,000$0-
Thousand Palms16-83.3%$280,000$191,00046.6%
Cabazon 21100%$260,000$3,0008566.7%

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