In August 2019, there were 89 homes sold, with a median sale price of $412,500 - a 7.3% decrease over the $445,000 median sale price for the same period of the previous year. There were 127 homes sold in Palm Springs in August 2018.
The median sales tax in Palm Springs for the most recent year with available data, 2016, was $3,106, approximately 0.8% of the median home sale price for August 2019.
The following table compares Palm Springs to other Riverside County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Murrieta | 111 | 189 | -41.3% | $430,000 | $420,000 | 2.4% |
| Bermuda Dunes | 6 | 15 | -60% | $427,000 | $348,500 | 22.5% |
| Canyon Lake | 23 | 27 | -14.8% | $425,000 | $425,000 | 0% |
| La Quinta | 78 | 97 | -19.6% | $422,500 | $388,500 | 8.8% |
| Rubidoux | 10 | 20 | -50% | $415,000 | $344,000 | 20.6% |
| Palm Springs | 89 | 127 | -29.9% | $412,500 | $445,000 | -7.3% |
| Wildomar | 20 | 32 | -37.5% | $411,500 | $425,000 | -3.2% |
| Riverside | 173 | 313 | -44.7% | $406,000 | $402,000 | 1% |
| Aguanga | 1 | 3 | -66.7% | $390,000 | $370,000 | 5.4% |
| Lake Elsinore | 66 | 67 | -1.5% | $387,500 | $375,000 | 3.3% |
| Calimesa | 8 | 10 | -20% | $376,500 | $373,500 | 0.8% |
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