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Thursday, November 7, 2024

How did home prices perform in Indio during January 2020?

Realestate2

The median sale price of a home sold in January 2020 in Indio rose by $3,000 while total sales decreased by 2.6%, according to BlockShopper.com.

In January 2020, there were 75 homes sold, with a median sale price of $313,000 - a 1% increase over the $310,000 median sale price for the same period of the previous year. There were 77 homes sold in Indio in January 2019.

The median sales tax in Indio for the most recent year with available data, 2019, was $3,478, approximately 1.1% of the median home sale price for January 2020.

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

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Perris4556-19.6%$345,500$325,0006.3%
Palm Desert146148-1.4%$343,500$350,000-1.9%
Cathedral City42420%$336,250$319,0005.4%
Lakeland Village36-50%$330,000$264,50024.8%
Coachella1822-18.2%$320,000$260,00023.1%
Indio7577-2.6%$313,000$310,0001%
San Jacinto4855-12.7%$308,000$304,5001.1%
Idyllwild-Pine Cove 2110110%$305,000$360,000-15.3%
Hemet1131084.6%$266,000$250,0006.4%
Cherry Valley 24-50%$251,000$253,500-1%
Banning2429-17.2%$250,000$235,0006.4%

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