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Wednesday, November 6, 2024

Norco home prices fall in June 2019

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The median sale price of a home sold in June 2019 in Norco fell by $10,500 while total sales decreased by 26.7%, according to BlockShopper.com.

In June 2019, there were 22 homes sold, with a median sale price of $596,500 - a 1.7% decrease over the $607,000 median sale price for the same period of the previous year. There were 30 homes sold in Norco in June 2018.

The median sales tax in Norco for the most recent year with available data, 2016, was $3,843, approximately 0.6% of the median home sale price for June 2019.

The following table compares Norco to other Riverside County cities with similar median sales prices in June 2019:

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Indian Wells2536-30.6%$875,000$775,50012.8%
Norco2230-26.7%$596,500$607,000-1.7%
Rancho Mirage6679-16.5%$525,000$520,0001%
Corona2562531.2%$524,750$515,0001.9%
Mira Loma 178112.5%$515,000$457,25012.6%
Palm Springs146168-13.1%$467,000$369,00026.6%
Bermuda Dunes 713-46.2%$467,000$380,00022.9%
Temecula183207-11.6%$465,000$485,000-4.1%
Winchester 3551-31.4%$448,000$430,0004.2%
Canyon Lake302330.4%$445,000$420,0006%
La Quinta126128-1.6%$445,000$412,7507.8%

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