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Friday, November 1, 2024

Home prices increased in Indio during the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Indio rose by $89,500 while total sales decreased by 25.5%, according to BlockShopper.com.

From July through September of 2021, there were 240 homes sold, with a median sale price of $450,000 - a 24.8% increase over the $360,500 median sale price for the same period of the previous year. There were 322 homes sold in Indio in the third 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 third quarter of 2021.

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

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Idyllwild-Pine Cove 48109-56%$477,500$345,00038.4%
Palm Desert425543-21.7%$470,000$388,00021.1%
Moreno Valley46939817.8%$465,000$375,00024%
Homeland 56-16.7%$462,500$355,00030.3%
Perris2091976.1%$456,500$375,00021.7%
Indio240322-25.5%$450,000$360,50024.8%
Cathedral City1751702.9%$450,000$367,00022.6%
Cherry Valley 1718-5.6%$450,000$342,50031.4%
Bermuda Dunes 3439-12.8%$447,500$385,00016.2%
Colton 330%$440,000$499,000-11.8%
San Jacinto18515023.3%$420,000$336,50024.8%

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