In August 2019, there were four homes sold, with a median sale price of $460,000 - a 7.6% increase over the $427,500 median sale price for the same period of the previous year. There were six homes sold in Nuevo in August 2018.
The median sales tax in Nuevo for the most recent year with available data, 2016, was $2,599, approximately 0.6% of the median home sale price for August 2019.
The following table compares Nuevo to other Riverside County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indian Wells | 13 | 21 | -38.1% | $555,000 | $735,000 | -24.5% |
| Corona | 136 | 255 | -46.7% | $520,000 | $522,500 | -0.5% |
| Mountain Center | 2 | 5 | -60% | $505,000 | $211,000 | 139.3% |
| Mira Loma | 11 | 17 | -35.3% | $500,000 | $475,000 | 5.3% |
| Temecula | 118 | 189 | -37.6% | $489,500 | $472,500 | 3.6% |
| Nuevo | 4 | 6 | -33.3% | $460,000 | $427,500 | 7.6% |
| Winchester | 31 | 64 | -51.6% | $430,000 | $445,500 | -3.5% |
| Murrieta | 111 | 189 | -41.3% | $430,000 | $420,000 | 2.4% |
| Bermuda Dunes | 6 | 15 | -60% | $427,000 | $348,500 | 22.5% |
| Canyon Lake | 23 | 27 | -14.8% | $425,000 | $425,000 | 0% |
| La Quinta | 78 | 97 | -19.6% | $422,500 | $388,500 | 8.8% |
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