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Thursday, November 7, 2024

What happened to the median home price in Moreno Valley during August 2021?

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The median sale price of a home sold in August 2021 in Moreno Valley rose by $90,000 while total sales decreased by 52.4%, according to BlockShopper.com.

In August 2021, there were 70 homes sold, with a median sale price of $465,000 - a 24% increase over the $375,000 median sale price for the same period of the previous year. There were 147 homes sold in Moreno Valley in August 2020.

The median sales tax in Moreno Valley for the most recent year with available data, 2019, was $2,852, approximately 0.6% of the median home sale price for August 2021.

The following table compares Moreno Valley to other Riverside County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Menifee 71159-55.3%$505,000$410,00023.2%
Palm Desert53217-75.6%$485,000$410,00018.3%
Perris3262-48.4%$477,500$375,00027.3%
Beaumont2162-66.1%$475,000$382,50024.2%
Homeland 21100%$465,000$250,00086%
Moreno Valley70147-52.4%$465,000$375,00024%
Cathedral City2454-55.6%$462,500$369,00025.3%
Indio39130-70%$455,000$367,00024%
Colton 110%$440,000$500,000-12%
Idyllwild-Pine Cove 849-83.7%$435,000$395,00010.1%
Thousand Palms24-50%$427,500$321,00033.2%

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