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Wednesday, November 6, 2024

Murrieta home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Murrieta rose by $9,500 while total sales increased by 22.9%, according to BlockShopper.com.

In May 2019, there were 252 homes sold, with a median sale price of $429,500 - a 2.3% increase over the $420,000 median sale price for the same period of the previous year. There were 205 homes sold in Murrieta in May 2018.

The median sales tax in Murrieta for the most recent year with available data, 2016, was $4,558, approximately 1.1% of the median home sale price for May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Canyon Lake292420.8%$450,000$415,0008.4%
La Quinta132178-25.8%$447,000$476,250-6.1%
Romoland 71600%$438,000$417,5004.9%
Calimesa13128.3%$430,000$330,50030.1%
Winchester 645418.5%$429,500$445,250-3.5%
Murrieta25220522.9%$429,500$420,0002.3%
Palm Springs172176-2.3%$418,500$414,0001.1%
Riverside38932021.6%$415,000$410,0001.2%
Wildomar35350%$410,000$420,000-2.4%
Lakeview 23-33.3%$400,000$422,000-5.2%
Lake Elsinore7886-9.3%$361,250$370,000-2.4%

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