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NW Riverside News

Wednesday, September 25, 2024

Mira Loma home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Mira Loma fell by $9,500 while total sales decreased by 63%, according to BlockShopper.com.

From April through June of 2020, there were 20 homes sold, with a median sale price of $497,500 - a 1.9% decrease over the $507,000 median sale price for the same period of the previous year. There were 54 homes sold in Mira Loma in the second quarter of 2019.

The median sales tax in Mira Loma for the most recent year with available data, 2016, was $3,209, approximately 0.6% of the median home sale price for the second quarter of 2020.

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

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Norco5874-21.6%$564,000$591,500-4.6%
Corona429729-41.2%$547,000$520,0005.2%
Rancho Mirage122240-49.2%$530,500$527,0000.7%
Canyon Lake7079-11.4%$510,500$438,00016.6%
Temecula382566-32.5%$505,000$473,2506.7%
Mira Loma 2054-63%$497,500$507,000-1.9%
La Quinta230424-45.8%$492,500$459,5007.2%
Sun City 21100%$460,000$407,00013%
Palm Springs241485-50.3%$450,000$455,000-1.1%
Murrieta395655-39.7%$446,000$430,5003.6%
Winchester 107136-21.3%$445,000$438,7501.4%

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