In May 2019, there were seven homes sold, with a median sale price of $274,000 - a 5.5% decrease over the $290,000 median sale price for the same period of the previous year. There were five homes sold in Thousand Palms in May 2018.
The median sales tax in Thousand Palms for the most recent year with available data, 2016, was $2,465, approximately 0.9% of the median home sale price for May 2019.
The following table compares Thousand Palms to other Riverside County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Homeland | 3 | 2 | 50% | $322,000 | $225,000 | 43.1% |
| Indio | 131 | 122 | 7.4% | $310,000 | $308,000 | 0.6% |
| Anza | 5 | 3 | 66.7% | $308,500 | $310,000 | -0.5% |
| San Jacinto | 71 | 86 | -17.4% | $298,000 | $279,000 | 6.8% |
| Lakeland Village | 8 | 13 | -38.5% | $294,000 | $290,000 | 1.4% |
| Thousand Palms | 7 | 5 | 40% | $274,000 | $290,000 | -5.5% |
| Hemet | 185 | 202 | -8.4% | $265,000 | $263,500 | 0.6% |
| White Water | 3 | 0 | - | $261,500 | $0 | - |
| Cherry Valley | 7 | 14 | -50% | $257,000 | $294,250 | -12.7% |
| Coachella | 18 | 19 | -5.3% | $253,000 | $240,000 | 5.4% |
| Banning | 31 | 45 | -31.1% | $250,000 | $249,000 | 0.4% |
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