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Friday, November 1, 2024

Indio home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Indio rose by $20,000 while total sales decreased by 6.7%, according to BlockShopper.com.

From October through December of 2018, there were 294 homes sold, with a median sale price of $320,000 - a 6.7% increase over the $300,000 median sale price for the same period of the previous year. There were 315 homes sold in Indio in the fourth quarter of 2017.

The median sales tax in Indio for the most recent year with available data, 2016, was $3,862, approximately 1.2% of the median home sale price for the fourth quarter of 2018.

The following table compares Indio to other Riverside County cities with similar median sales prices in the fourth quarter of 2018:

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Palm Desert415509-18.5%$345,000$315,0009.5%
Beaumont133184-27.7%$340,000$315,0007.9%
Menifee 392422-7.1%$338,250$325,0004.1%
Moreno Valley459606-24.3%$329,500$312,0005.6%
Perris220228-3.5%$320,500$295,0008.6%
Indio294315-6.7%$320,000$300,0006.7%
Idyllwild-Pine Cove 4356-23.2%$312,500$301,5003.6%
Cathedral City159188-15.4%$307,000$293,7504.5%
Lakeland Village2025-20%$303,000$245,00023.7%
Aguanga 711-36.4%$300,000$355,000-15.5%
San Jacinto187188-0.5%$290,000$267,5008.4%

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