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Friday, November 1, 2024

What happened to the median home price in Indio during the first half of 2021?

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in the first half of 2021 in Indio rose by $76,750 while total sales increased by 110.7%, according to BlockShopper.com.

From January through June of 2021, there were 712 homes sold, with a median sale price of $401,750 - a 23.6% increase over the $325,000 median sale price for the same period of the previous year. There were 338 homes sold in Indio in the first half of 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 the first half of 2021.

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

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Menifee 91155564.1%$432,000$360,00020%
Beaumont25719333.2%$430,000$350,00022.9%
Aguanga 211190.9%$425,000$305,00039.3%
Moreno Valley87363337.9%$420,000$350,00020%
Perris37324651.6%$415,000$341,50021.5%
Indio712338110.7%$401,750$325,00023.6%
Cathedral City35720375.9%$399,000$340,00017.4%
Homeland 103233.3%$396,000$528,000-25%
San Jacinto31721646.8%$375,000$305,00023%
Lakeland Village3516118.8%$368,000$312,50017.8%
Lakeview 3250%$365,000$445,000-18%

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