Pricing for the median home in Corona decreased during January 2020

Pricing for the median home in Corona decreased during January 2020
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The median sale price of a home sold in January 2020 in Corona fell by $23,000 while total sales decreased by 7.7%, according to BlockShopper.com.

In January 2020, there were 144 homes sold, with a median sale price of $505,000 – a 4.4% decrease over the $528,000 median sale price for the same period of the previous year. There were 156 homes sold in Corona in January 2019.

The median sales tax in Corona for the most recent year with available data, 2019, was $5,056, approximately 1% of the median home sale price for January 2020.

The following table compares Corona to other Riverside County cities with similar median sale prices in January 2020:

City Jan. 2020 Home Sales Jan. 2019 Home Sales % change (Total Home Sales) Jan. 2020 Median Sales Price Jan. 2019 Median Sales Price % change (Median Sales Price)
Indian Wells 27 19 42.1% $820,000 $750,000 9.3%
Yucaipa 1 0 – $680,000 $0 –
Norco 25 11 127.3% $585,000 $485,000 20.6%
Mira Loma 9 5 80% $540,000 $470,000 14.9%
Rancho Mirage 64 50 28% $512,500 $599,500 -14.5%
Corona 144 156 -7.7% $505,000 $528,000 -4.4%
Canyon Lake 9 14 -35.7% $475,000 $377,750 25.7%
Temecula 135 103 31.1% $472,500 $450,000 5%
Palm Springs 102 116 -12.1% $450,000 $437,500 2.9%
Nuevo 7 2 250% $435,000 $415,000 4.8%
La Quinta 118 101 16.8% $434,750 $465,000 -6.5%


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