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Monday, September 23, 2024

What happened to the median home price in Moreno Valley during October 2020?

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The median sale price of a home sold in October 2020 in Moreno Valley rose by $21,000 while total sales decreased by 1.5%, according to BlockShopper.com.

In October 2020, there were 199 homes sold, with a median sale price of $376,000 - a 5.9% increase over the $355,000 median sale price for the same period of the previous year. There were 202 homes sold in Moreno Valley in October 2019.

The median sales tax in Moreno Valley for the most recent year with available data, 2019, was $2,852, approximately 0.8% of the median home sale price for October 2020.

The following table compares Moreno Valley to other Riverside County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Idyllwild-Pine Cove 3817123.5%$385,500$350,00010.1%
Lakeview 110%$385,000$391,000-1.5%
Calimesa813-38.5%$384,000$397,000-3.3%
Perris6480-20%$383,250$338,00013.4%
Palm Desert26217351.4%$380,000$339,00012.1%
Moreno Valley199202-1.5%$376,000$355,0005.9%
Cathedral City675131.4%$375,000$339,00010.6%
Indio13410231.4%$350,750$318,50010.1%
Lakeland Village11757.1%$332,000$300,00010.7%
San Jacinto786323.8%$330,000$295,00011.9%
Hemet1821772.8%$315,000$289,0009%

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