In July 2019, there were four homes sold, with a median sale price of $345,000 - a 29.9% decrease over the $492,500 median sale price for the same period of the previous year. There were two homes sold in Nuevo in July 2018.
The median sales tax in Nuevo for the most recent year with available data, 2016, was $2,599, approximately 0.8% of the median home sale price for July 2019.
The following table compares Nuevo to other Riverside County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bermuda Dunes | 17 | 15 | 13.3% | $395,000 | $339,000 | 16.5% |
| Lake Elsinore | 80 | 94 | -14.9% | $385,500 | $384,409 | 0.3% |
| Palm Desert | 205 | 187 | 9.6% | $359,000 | $338,500 | 6.1% |
| Beaumont | 75 | 65 | 15.4% | $350,000 | $342,000 | 2.3% |
| Menifee | 183 | 139 | 31.7% | $349,000 | $349,500 | -0.1% |
| Nuevo | 4 | 2 | 100% | $345,000 | $492,500 | -29.9% |
| Aguanga | 9 | 2 | 350% | $340,000 | $470,000 | -27.7% |
| Perris | 76 | 96 | -20.8% | $339,500 | $325,000 | 4.5% |
| Moreno Valley | 208 | 204 | 2% | $335,000 | $325,000 | 3.1% |
| Cathedral City | 72 | 64 | 12.5% | $326,000 | $302,500 | 7.8% |
| Indio | 117 | 100 | 17% | $318,500 | $331,500 | -3.9% |
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