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Wednesday, November 6, 2024

Moreno Valley home prices rise in August 2019

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The median sale price of a home sold in August 2019 in Moreno Valley rose by $19,000 while total sales decreased by 52.2%, according to BlockShopper.com.

In August 2019, there were 99 homes sold, with a median sale price of $349,000 - a 5.8% increase over the $330,000 median sale price for the same period of the previous year. There were 207 homes sold in Moreno Valley in August 2018.

The median sales tax in Moreno Valley for the most recent year with available data, 2016, was $2,568, approximately 0.7% of the median home sale price for August 2019.

The following table compares Moreno Valley to other Riverside County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Aguanga 13-66.7%$390,000$370,0005.4%
Lake Elsinore6667-1.5%$387,500$375,0003.3%
Calimesa810-20%$376,500$373,5000.8%
Menifee 110169-34.9%$369,500$353,0004.7%
Lakeview 13-66.7%$360,000$450,000-20%
Moreno Valley99207-52.2%$349,000$330,0005.8%
Palm Desert107170-37.1%$345,000$320,0007.8%
Cathedral City3066-54.5%$331,000$307,2507.7%
Beaumont4372-40.3%$330,000$330,0000%
Perris4294-55.3%$329,000$321,0002.5%
Homeland 13-66.7%$320,000$320,0000%

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