The median sale price of a home sold in 2019 in Palm Springs rose by $28,000 while total sales decreased by 35.3%, according to BlockShopper.com.
From January through December of 2019, there were 1,087 homes sold, with a median sale price of $440,000 - a 6.8% increase over the $412,000 median sale price for the previous year. There were 1,681 homes sold in Palm Springs in 2018.
The median sales tax in Palm Springs for the most recent year with available data, 2016, was $3,106, approximately 0.7% of the median home sale price for 2019.
The following table compares Palm Springs to other Riverside County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mira Loma | 115 | 181 | -36.5% | $500,000 | $475,000 | 5.3% |
| Temecula | 1,263 | 1,933 | -34.7% | $470,000 | $464,500 | 1.2% |
| La Quinta | 942 | 1,516 | -37.9% | $445,000 | $418,500 | 6.3% |
| Mountain Center | 30 | 40 | -25% | $442,750 | $335,500 | 32% |
| Canyon Lake | 187 | 251 | -25.5% | $440,000 | $425,000 | 3.5% |
| Palm Springs | 1,087 | 1,681 | -35.3% | $440,000 | $412,000 | 6.8% |
| Murrieta | 1,384 | 2,137 | -35.2% | $430,000 | $420,000 | 2.4% |
| Winchester | 303 | 528 | -42.6% | $430,000 | $430,000 | 0% |
| Wildomar | 240 | 362 | -33.7% | $413,250 | $410,000 | 0.8% |
| Romoland | 18 | 39 | -53.8% | $410,000 | $376,000 | 9% |
| Riverside | 2,247 | 3,508 | -35.9% | $410,000 | $400,000 | 2.5% |
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