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Wednesday, November 6, 2024

Homeland home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Homeland fell by $26,500 while total sales decreased by 20%, according to BlockShopper.com.

From January through June of 2019, there were eight homes sold, with a median sale price of $301,000 - a 8.1% decrease over the $327,500 median sale price for the same period of the previous year. There were 10 homes sold in Homeland in the first half of 2018.

The median sales tax in Homeland for the most recent year with available data, 2016, was $2,482, approximately 0.8% of the median home sale price for the first half of 2019.

The following table compares Homeland to other Riverside County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Moreno Valley9701,086-10.7%$332,000$320,0003.8%
Perris408444-8.1%$325,000$305,0006.6%
Cathedral City353392-9.9%$319,000$298,0007%
Idyllwild-Pine Cove 6899-31.3%$317,500$310,0002.4%
Indio595695-14.4%$310,000$308,0000.6%
Homeland 810-20%$301,000$327,500-8.1%
Cherry Valley 3244-27.3%$293,250$301,250-2.7%
San Jacinto3863704.3%$292,000$275,0006.2%
Lakeland Village4144-6.8%$280,000$280,0000%
Anza 271668.8%$279,000$230,25021.2%
Sun City 35-40%$270,000$390,000-30.8%

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