January 2021: Home prices in Palm Springs fell

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The median sale price of a home sold in January 2021 in Palm Springs fell by $5,000 while total sales increased by 6.9%, according to BlockShopper.com.

In January 2021, there were 31 homes sold, with a median sale price of $165,000 - a 2.9% decrease over the $170,000 median sale price for the same period of the previous year. There were 29 homes sold in Palm Springs in January 2020.

The median sales tax in Palm Springs for the most recent year with available data, 2018, was $1,532, approximately 0.9% of the median home sale price for January 2021.

The following table compares Palm Springs to other Palm Beach County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
West Palm Beach26424010%$228,000$190,00020%
Sandalfoot Cove CDP31310%$206,000$234,500-12.2%
Hypoluxo1214-14.3%$189,500$166,25014%
Greenacres7282-12.2%$173,000$155,00011.6%
West Palm Beach (unincorporated)180207-13%$165,250$165,0000.2%
Palm Springs31296.9%$165,000$170,000-2.9%
Mangonia Park220%$153,550$83,206.8684.5%
Belle Glade440%$152,000$193,500-21.4%
South Bay12-50%$150,000$86,00074.4%
Delray Beach (unincorporated)21919512.3%$150,000$125,00020%
West Boca48-50%$130,000$126,5002.8%

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