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Friday, November 1, 2024

What happened to the median home price in Indio during February 2021?

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The median sale price of a home sold in February 2021 in Indio rose by $47,750 while total sales decreased by 24.4%, according to BlockShopper.com.

In February 2021, there were 62 homes sold, with a median sale price of $373,000 - a 14.7% increase over the $325,250 median sale price for the same period of the previous year. There were 82 homes sold in Indio in February 2020.

The median sales tax in Indio for the most recent year with available data, 2019, was $3,478, approximately 0.9% of the median home sale price for February 2021.

The following table compares Indio to other Riverside County cities with similar median sale prices in February 2021:

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Moreno Valley79125-36.8%$408,000$356,00014.6%
Rubidoux 59-44.4%$399,000$420,000-5%
Beaumont2046-56.5%$394,250$340,00016%
Palm Desert152176-13.6%$387,500$355,5009%
Cathedral City2844-36.4%$385,500$344,50011.9%
Indio6282-24.4%$373,000$325,25014.7%
Lakeland Village550%$369,000$315,00017.1%
San Jacinto3545-22.2%$363,000$310,00017.1%
Thousand Palms21100%$357,500$310,00015.3%
Hemet91123-26%$330,000$295,00011.9%
Cherry Valley 36-50%$309,000$290,0006.6%

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