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Monday, September 23, 2024

What happened to the median home price in Rubidoux during May 2021?

Re 7

The median sale price of a home sold in May 2021 in Rubidoux rose by $72,000 while total sales remained unchanged with seven homes sold, according to BlockShopper.com.

In May 2021, there were seven homes sold, with a median sale price of $490,000 - a 17.2% increase over the $418,000 median sale price for the same period of the previous year. There were seven homes sold in Rubidoux in May 2020, as well.

The median sales tax in Rubidoux for the most recent year with available data, 2019, was $2,527, approximately 0.5% of the median home sale price for May 2021.

The following table compares Rubidoux to other Riverside County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Wildomar191090%$555,000$382,50045.1%
Winchester 2712125%$553,000$435,00027.1%
Romoland 12-50%$532,000$357,50048.8%
Riverside1217757.1%$510,000$425,00020%
Palm Desert12642200%$499,000$395,00026.3%
Rubidoux 770%$490,000$418,00017.2%
Lake Elsinore332437.5%$490,000$394,50024.2%
Idyllwild-Pine Cove 8560%$462,500$369,00025.3%
Menifee 715236.5%$460,000$370,00024.3%
Cathedral City261662.5%$443,750$357,50024.1%
Lakeland Village220%$433,500$275,00057.6%

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