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Saturday, November 2, 2024

Indio home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Indio rose by $36,500 while total sales increased by 55.2%, according to BlockShopper.com.

From July through September of 2020, there were 284 homes sold, with a median sale price of $355,000 - a 11.5% increase over the $318,500 median sale price for the same period of the previous year. There were 183 homes sold in Indio in the third quarter of 2019.

The median sales tax in Indio for the most recent year with available data, 2016, was $3,862, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Indio to other Riverside County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Perris16811842.4%$371,000$335,00010.7%
Calimesa221729.4%$367,500$380,000-3.3%
Cathedral City15110248%$366,000$329,50011.1%
Anza 83166.7%$363,500$225,00061.6%
Homeland 61500%$355,000$320,00010.9%
Indio28418355.2%$355,000$318,50011.5%
Cherry Valley 15966.7%$350,000$295,00018.6%
San Jacinto1311273.1%$335,000$298,00012.4%
Idyllwild-Pine Cove 9614585.7%$332,500$267,50024.3%
Lakeland Village161145.5%$305,000$277,00010.1%
Hemet38227439.4%$305,000$275,50010.7%

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