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Friday, November 1, 2024

How did home prices perform in Indian Wells during August 2021?

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The median sale price of a home sold in August 2021 in Indian Wells rose by $40,000 while total sales decreased by 78%, according to BlockShopper.com.

In August 2021, there were nine homes sold, with a median sale price of $720,000 - a 5.9% increase over the $680,000 median sale price for the same period of the previous year. There were 41 homes sold in Indian Wells in August 2020.

The median sales tax in Indian Wells for the most recent year with available data, 2019, was $8,884, approximately 1.2% of the median home sale price for August 2021.

The following table compares Indian Wells to other Riverside County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Norco837-78.4%$830,000$645,00028.7%
Rancho Mirage27104-74%$770,000$567,50035.7%
Palm Springs56198-71.7%$757,500$550,00037.7%
Indian Wells941-78%$720,000$680,0005.9%
Canyon Lake1549-69.4%$720,000$535,00034.6%
Corona98284-65.5%$713,500$556,50028.2%
Temecula71196-63.8%$685,000$535,00028%
Winchester 2142-50%$610,000$472,25029.2%
Romoland 21100%$597,500$408,00046.4%
Murrieta92251-63.3%$595,000$480,00024%
Nuevo 110-90%$580,000$377,50053.6%

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