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NW Riverside News

Wednesday, September 25, 2024

Mira Loma home prices fall in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Mira Loma fell by $29,250 while total sales decreased by 47.7%, according to BlockShopper.com.

From January through June of 2020, there were 46 homes sold, with a median sale price of $474,000 - a 5.8% decrease over the $503,250 median sale price for the same period of the previous year. There were 88 homes sold in Mira Loma in the first half of 2019.

The median sales tax in Mira Loma for the most recent year with available data, 2016, was $3,209, approximately 0.7% of the median home sale price for the first half of 2020.

The following table compares Mira Loma to other Riverside County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Corona7471,248-40.1%$550,000$511,0007.6%
Rancho Mirage245432-43.3%$539,000$525,0002.7%
Temecula638923-30.9%$498,750$465,0007.3%
Canyon Lake114137-16.8%$497,000$438,00013.5%
La Quinta478754-36.6%$474,000$450,0005.3%
Mira Loma 4688-47.7%$474,000$503,250-5.8%
Sun City 23-33.3%$460,000$270,00070.4%
Winchester 186221-15.8%$449,000$432,5003.8%
Murrieta6761,041-35.1%$445,000$428,0004%
Riverside1,0151,705-40.5%$435,000$410,0006.1%
Bermuda Dunes 4267-37.3%$431,000$385,00011.9%

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