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Wednesday, December 25, 2024

Pricing for the median home in Thermal increased during 2021

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The median sale price of a home sold in 2021 in Thermal rose by $21,500 while total sales increased by 200%, according to BlockShopper.com.

From January through December of 2021, there were six homes sold, with a median sale price of $325,000 - a 7.1% increase over the $303,500 median sale price for the previous year. There were two homes sold in Thermal in 2020.

The median sales tax in Thermal for the most recent year with available data, 2018, was $2,269, approximately 0.7% of the median home sale price for 2021.

The following table compares Thermal to other Riverside County cities with similar median sale prices in 2021:

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Lakeview 770%$390,000$390,0000%
Lakeland Village756417.2%$375,000$322,00016.5%
Hemet1,8601,55719.5%$365,000$300,00021.7%
Thousand Palms3948-18.8%$337,000$257,50030.9%
Anza 2432-25%$325,000$393,500-17.4%
Thermal62200%$325,000$303,5007.1%
Coachella152157-3.2%$320,000$280,00014.3%
Banning32427219.1%$316,000$263,75019.8%
Desert Hot Springs71058721%$310,000$250,00024%
White Water 161233.3%$303,500$260,00016.7%
Cabazon 29283.6%$252,000$208,25021%

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