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Friday, November 1, 2024

The second quarter of 2021: Indio experienced a 34.3% increase in median home prices

Realestate2

The median sale price of a home sold in the second quarter of 2021 in Indio rose by $109,000 while total sales increased by 289.7%, according to BlockShopper.com.

From April through June of 2021, there were 339 homes sold, with a median sale price of $427,000 - a 34.3% increase over the $318,000 median sale price for the same period of the previous year. There were 87 homes sold in Indio in the second quarter of 2020.

The median sales tax in Indio for the most recent year with available data, 2019, was $3,478, approximately 0.8% of the median home sale price for the second quarter of 2021.

The following table compares Indio to other Riverside County cities with similar median sale prices in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Menifee 446170162.4%$456,250$370,00023.3%
Homeland 51400%$450,000$585,000-23.1%
Palm Desert734131460.3%$445,000$400,00011.3%
Beaumont13555145.5%$438,000$375,00016.8%
Moreno Valley405200102.5%$430,000$350,00022.9%
Indio33987289.7%$427,000$318,00034.3%
Aguanga 132550%$425,000$360,00018.1%
Perris18385115.3%$410,000$340,00020.6%
Lakeland Village143366.7%$407,500$290,00040.5%
Cathedral City18258213.8%$400,500$349,50014.6%
San Jacinto1457690.8%$400,000$302,00032.5%

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