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Thursday, November 7, 2024

Indio home prices rise in the first quarter of 2019

Realestate077

The median sale price of a home sold in the first quarter of 2019 in Indio rose by $15,000 while total sales decreased by 22.5%, according to BlockShopper.com.

From January through March of 2019, there were 237 homes sold, with a median sale price of $310,000 - a 5.1% increase over the $295,000 median sale price for the same period of the previous year. There were 306 homes sold in Indio in the first quarter of 2018.

The median sales tax in Indio for the most recent year with available data, 2016, was $3,862, approximately 1.2% of the median home sale price for the first quarter of 2019.

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

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Beaumont114151-24.5%$335,000$307,5008.9%
Moreno Valley397479-17.1%$325,000$315,0003.2%
Perris188196-4.1%$320,000$302,5005.8%
Cathedral City150183-18%$316,500$292,0008.4%
Idyllwild-Pine Cove 2840-30%$310,000$295,2505%
Indio237306-22.5%$310,000$295,0005.1%
San Jacinto1581533.3%$287,750$265,0008.6%
Colton 4333.3%$280,000$442,000-36.7%
Sun City 23-33.3%$270,000$390,000-30.8%
Lakeland Village1921-9.5%$270,000$270,0000%
Cherry Valley 1116-31.3%$262,000$296,500-11.6%

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