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Sunday, September 22, 2024

Beaumont home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Beaumont rose by $20,000 while total sales decreased by 12.5%, according to BlockShopper.com.

From July through December of 2018, there were 329 homes sold, with a median sale price of $335,000 - a 6.3% increase over the $315,000 median sale price for the same period of the previous year. There were 376 homes sold in Beaumont in the second half of 2017.

The median sales tax in Beaumont for the most recent year with available data, 2016, was $5,258, approximately 1.6% of the median home sale price for the second half of 2018.

The following table compares Beaumont to other Riverside County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Calimesa5577-28.6%$362,500$390,000-7.1%
Rubidoux 104959.5%$358,500$355,0001%
Menifee 827970-14.7%$345,000$325,0006.2%
Aguanga 1417-17.6%$342,000$310,00010.3%
Palm Desert898969-7.3%$336,750$315,0006.9%
Beaumont329376-12.5%$335,000$315,0006.3%
Moreno Valley1,0531,249-15.7%$330,000$305,0008.2%
Homeland 1213-7.7%$330,000$285,00015.8%
Indio604647-6.6%$323,250$287,00012.6%
Perris4814810%$323,000$295,0009.5%
Cathedral City334396-15.7%$307,000$285,0007.7%

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