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Tuesday, November 5, 2024

What happened to the median home price in Rancho Mirage during November 2020?

Realestate5

The median sale price of a home sold in November 2020 in Rancho Mirage rose by $47,500 while total sales increased by 66%, according to BlockShopper.com.

In November 2020, there were 88 homes sold, with a median sale price of $622,500 - a 8.3% increase over the $575,000 median sale price for the same period of the previous year. There were 53 homes sold in Rancho Mirage in November 2019.

The median sales tax in Rancho Mirage for the most recent year with available data, 2019, was $6,495, approximately 1% of the median home sale price for November 2020.

The following table compares Rancho Mirage to other Riverside County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Indian Wells4619142.1%$999,500$550,00081.7%
Yucaipa 14-75%$690,000$651,2506%
Homeland 24-50%$682,750$497,50037.2%
Norco312240.9%$680,000$561,50021.1%
Rancho Mirage885366%$622,500$575,0008.3%
Mountain Center 71600%$620,000$438,00041.6%
Corona24421016.2%$580,000$520,00011.5%
Mira Loma 11110%$580,000$488,00018.9%
Canyon Lake3618100%$572,000$555,0003.1%
Temecula19616022.5%$537,000$465,00015.5%
La Quinta15310053%$530,000$437,50021.1%

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