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Monday, September 23, 2024

Mira Loma median home prices rose by 18.5% in the second half of 2021

Re 8

The median sale price of a home sold in the second half of 2021 in Mira Loma rose by $102,500 while total sales decreased by 22.7%, according to BlockShopper.com.

From July through December of 2021, there were 58 homes sold, with a median sale price of $657,500 - a 18.5% increase over the $555,000 median sale price for the same period of the previous year. There were 75 homes sold in Mira Loma in the second half of 2020.

The median sales tax in Mira Loma for the most recent year with available data, 2019, was $3,534, approximately 0.5% of the median home sale price for the second half of 2021.

The following table compares Mira Loma to other Riverside County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Norco112188-40.4%$732,000$637,50014.8%
Rancho Mirage293605-51.6%$725,000$585,00023.9%
Yucaipa 23-33.3%$715,000$690,0003.6%
Corona1,1071,488-25.6%$710,000$580,00022.4%
Temecula8981,172-23.4%$660,000$535,00023.4%
Mira Loma 5875-22.7%$657,500$555,00018.5%
Colton 45-20%$602,500$499,00020.7%
Palm Springs6161,038-40.7%$602,000$515,00016.9%
La Quinta5671,024-44.6%$600,000$535,00012.1%
Winchester 188282-33.3%$600,000$479,50025.1%
Canyon Lake152215-29.3%$598,500$542,00010.4%

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