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Monday, November 25, 2024

October 2020: Mountain Center experienced a 12.3% drop in median home prices

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The median sale price of a home sold in October 2020 in Mountain Center fell by $70,000 while total sales increased by 100%, according to BlockShopper.com.

In October 2020, there were 10 homes sold, with a median sale price of $500,000 - a 12.3% decrease over the $570,000 median sale price for the same period of the previous year. There were five homes sold in Mountain Center in October 2019.

The median sales tax in Mountain Center for the most recent year with available data, 2019, was $3,271, approximately 0.7% of the median home sale price for October 2020.

The following table compares Mountain Center 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)
La Quinta19311666.4%$560,000$420,00033.3%
Homeland 23-33.3%$555,000$498,00011.4%
Mira Loma 1213-7.7%$555,000$459,00020.9%
Temecula22017724.3%$539,500$470,00014.8%
Winchester 4859-18.6%$522,500$395,00032.3%
Mountain Center 105100%$500,000$570,000-12.3%
Thermal10-$500,000$0-
Murrieta28120040.5%$495,000$436,00013.5%
Wildomar41387.9%$495,000$406,00021.9%
Palm Springs1769879.6%$477,000$461,7503.3%
Rubidoux 2021-4.8%$472,500$400,00018.1%

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