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Wednesday, November 6, 2024

Hemet home prices fall in April 2019

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The median sale price of a home sold in April 2019 in Hemet fell by $1,500 while total sales increased by 14.7%, according to BlockShopper.com.

In April 2019, there were 172 homes sold, with a median sale price of $260,000 - a 0.6% decrease over the $261,500 median sale price for the same period of the previous year. There were 150 homes sold in Hemet in April 2018.

The median sales tax in Hemet for the most recent year with available data, 2016, was $1,979, approximately 0.8% of the median home sale price for April 2019.

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

CityApr. 2019 Home SalesApr. 2018 Home Sales% change (Total Home Sales)Apr. 2019 Median Sales PriceApr. 2018 Median Sales Price% change (Median Sales Price)
Cherry Valley 810-20%$306,250$222,00038%
Indio122139-12.2%$305,000$325,500-6.3%
Lakeland Village9650%$299,000$332,500-10.1%
San Jacinto796816.2%$290,000$280,0003.6%
Idyllwild-Pine Cove 1019-47.4%$283,500$305,000-7%
Hemet17215014.7%$260,000$261,500-0.6%
Banning2740-32.5%$235,500$240,000-1.9%
Thousand Palms46-33.3%$230,500$235,750-2.2%
Desert Hot Springs6488-27.3%$211,000$208,5001.2%
Coachella1925-24%$200,000$240,000-16.7%
Mecca 21100%$181,500$90,000101.7%

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