In August 2021, there were 56 homes sold, with a median sale price of $757,500 - a 37.7% increase over the $550,000 median sale price for the same period of the previous year. There were 198 homes sold in Palm Springs in August 2020.
The median sales tax in Palm Springs for the most recent year with available data, 2019, was $3,474, approximately 0.5% of the median home sale price for August 2021.
The following table compares Palm Springs to other Riverside County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Norco | 8 | 37 | -78.4% | $830,000 | $645,000 | 28.7% |
| Rancho Mirage | 27 | 104 | -74% | $770,000 | $567,500 | 35.7% |
| Palm Springs | 56 | 198 | -71.7% | $757,500 | $550,000 | 37.7% |
| Indian Wells | 9 | 41 | -78% | $720,000 | $680,000 | 5.9% |
| Canyon Lake | 15 | 49 | -69.4% | $720,000 | $535,000 | 34.6% |
| Corona | 98 | 284 | -65.5% | $713,500 | $556,500 | 28.2% |
| Temecula | 71 | 196 | -63.8% | $685,000 | $535,000 | 28% |
| Winchester | 21 | 42 | -50% | $610,000 | $472,250 | 29.2% |
| Romoland | 2 | 1 | 100% | $597,500 | $408,000 | 46.4% |
| Murrieta | 92 | 251 | -63.3% | $595,000 | $480,000 | 24% |
| Nuevo | 1 | 10 | -90% | $580,000 | $377,500 | 53.6% |
Alerts Sign-up