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Tuesday, November 5, 2024

Murrieta home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Murrieta rose by $15,000 while total sales decreased by 38.2%, according to BlockShopper.com.

From July through September of 2019, there were 343 homes sold, with a median sale price of $435,000 - a 3.6% increase over the $420,000 median sale price for the same period of the previous year. There were 555 homes sold in Murrieta in the third quarter of 2018.

The median sales tax in Murrieta for the most recent year with available data, 2016, was $4,558, approximately 1% of the median home sale price for the third quarter of 2019.

The following table compares Murrieta to other Riverside County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Corona387717-46%$535,000$520,0002.9%
Rancho Mirage91185-50.8%$530,000$520,0001.9%
Mira Loma 2757-52.6%$500,000$509,000-1.8%
Temecula340518-34.4%$479,500$470,0002%
Canyon Lake5077-35.1%$475,000$422,45412.4%
Murrieta343555-38.2%$435,000$420,0003.6%
Rubidoux 2854-48.1%$431,000$330,00030.6%
Winchester 82153-46.4%$424,000$435,000-2.5%
La Quinta188331-43.2%$421,000$400,0005.3%
Mountain Center 911-18.2%$420,000$398,0005.5%
Wildomar6598-33.7%$420,000$411,0002.2%

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