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Monday, November 25, 2024

Indio home prices rose in October 2020

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The median sale price of a home sold in October 2020 in Indio rose by $32,250 while total sales increased by 31.4%, according to BlockShopper.com.

In October 2020, there were 134 homes sold, with a median sale price of $350,750 - a 10.1% increase over the $318,500 median sale price for the same period of the previous year. There were 102 homes sold in Indio in October 2019.

The median sales tax in Indio for the most recent year with available data, 2019, was $3,478, approximately 1% of the median home sale price for October 2020.

The following table compares Indio to other Riverside County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Calimesa813-38.5%$384,000$397,000-3.3%
Perris6480-20%$383,250$338,00013.4%
Palm Desert26217351.4%$380,000$339,00012.1%
Moreno Valley199202-1.5%$376,000$355,0005.9%
Cathedral City675131.4%$375,000$339,00010.6%
Indio13410231.4%$350,750$318,50010.1%
Lakeland Village11757.1%$332,000$300,00010.7%
San Jacinto786323.8%$330,000$295,00011.9%
Hemet1821772.8%$315,000$289,0009%
Cherry Valley 126100%$302,000$232,50029.9%
Cabazon 220%$270,000$235,00014.9%

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