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Sunday, November 24, 2024

How did home prices perform in Rancho Mirage during February 2021?

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The median sale price of a home sold in February 2021 in Rancho Mirage rose by $2,000 while total sales decreased by 2.7%, according to BlockShopper.com.

In February 2021, there were 72 homes sold, with a median sale price of $549,000 - a 0.4% increase over the $547,000 median sale price for the same period of the previous year. There were 74 homes sold in Rancho Mirage in February 2020.

The median sales tax in Rancho Mirage for the most recent year with available data, 2019, was $6,495, approximately 1.2% of the median home sale price for February 2021.

The following table compares Rancho Mirage 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)
Indian Wells2324-4.2%$675,000$545,00023.9%
Mira Loma 1011-9.1%$648,000$511,00026.8%
La Quinta111121-8.3%$600,000$460,00030.4%
Corona134164-18.3%$595,000$535,00011.2%
Temecula94129-27.1%$560,500$475,00018%
Rancho Mirage7274-2.7%$549,000$547,0000.4%
Bermuda Dunes 511-54.5%$536,000$557,000-3.8%
Canyon Lake161233.3%$532,500$523,5001.7%
Mountain Center 3250%$530,000$484,5009.4%
Wildomar1732-46.9%$527,500$419,50025.7%
Winchester 3239-17.9%$527,500$425,00024.1%

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