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NW Riverside News

Wednesday, September 25, 2024

Mira Loma home prices rise in the third quarter of 2020

Realestate1

The median sale price of a home sold in the third quarter of 2020 in Mira Loma rose by $45,500 while total sales increased by 18.5%, according to BlockShopper.com.

From July through September of 2020, there were 32 homes sold, with a median sale price of $545,500 - a 9.1% increase over the $500,000 median sale price for the same period of the previous year. There were 27 homes sold in Mira Loma in the third 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 third quarter of 2020.

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

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Indian Wells8940122.5%$694,500$627,50010.7%
Yucaipa 12-50%$665,000$663,7500.2%
Norco7632137.5%$630,000$634,500-0.7%
Corona65538769.3%$570,000$535,0006.5%
Rancho Mirage25491179.1%$560,000$530,0005.7%
Mira Loma 322718.5%$545,500$500,0009.1%
Palm Springs443213108%$533,000$419,00027.2%
Temecula51234050.6%$530,000$479,50010.5%
Canyon Lake11050120%$526,250$475,00010.8%
La Quinta405188115.4%$505,000$421,00020%
Mountain Center 199111.1%$504,000$420,00020%

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