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NW Riverside News

Thursday, November 7, 2024

August 2021: Home prices in Norco increased

Re 8

The median sale price of a home sold in August 2021 in Norco rose by $185,000 while total sales decreased by 78.4%, according to BlockShopper.com.

In August 2021, there were eight homes sold, with a median sale price of $830,000 - a 28.7% increase over the $645,000 median sale price for the same period of the previous year. There were 37 homes sold in Norco in August 2020.

The median sales tax in Norco for the most recent year with available data, 2019, was $4,310, approximately 0.5% of the median home sale price for August 2021.

The following table compares Norco 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)
Norco837-78.4%$830,000$645,00028.7%
Rancho Mirage27104-74%$770,000$567,50035.7%
Palm Springs56198-71.7%$757,500$550,00037.7%
Indian Wells941-78%$720,000$680,0005.9%
Canyon Lake1549-69.4%$720,000$535,00034.6%
Corona98284-65.5%$713,500$556,50028.2%
Temecula71196-63.8%$685,000$535,00028%
Winchester 2142-50%$610,000$472,25029.2%
Romoland 21100%$597,500$408,00046.4%
Murrieta92251-63.3%$595,000$480,00024%
Nuevo 110-90%$580,000$377,50053.6%

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