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Thursday, November 7, 2024

Rancho Mirage home prices rise in February 2019

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The median sale price of a home sold in February 2019 in Rancho Mirage rose by $37,500 while total sales decreased by 16.9%, according to BlockShopper.com.

In February 2019, there were 54 homes sold, with a median sale price of $537,500 - a 7.5% increase over the $500,000 median sale price for the same period of the previous year. There were 65 homes sold in Rancho Mirage in February 2018.

The median sales tax in Rancho Mirage for the most recent year with available data, 2016, was $5,817, approximately 1.1% of the median home sale price for February 2019.

The following table compares Rancho Mirage to other Riverside County cities with similar median sales prices in February 2019:

CityFeb. 2019 Home SalesFeb. 2018 Home Sales% change (Total Home Sales)Feb. 2019 Median Sales PriceFeb. 2018 Median Sales Price% change (Median Sales Price)
Indian Wells2328-17.9%$852,500$829,0002.8%
Mountain Center 220%$689,000$310,000122.3%
Norco1517-11.8%$600,000$510,00017.6%
Rancho Mirage5465-16.9%$537,500$500,0007.5%
Romoland 13-66.7%$535,000$362,50047.6%
Corona147181-18.8%$495,000$485,5002%
Canyon Lake16156.7%$476,000$435,0009.4%
Winchester 3237-13.5%$458,750$425,0007.9%
Mira Loma 11837.5%$450,000$411,0009.5%
Temecula113132-14.4%$444,000$440,0000.9%
La Quinta97105-7.6%$440,000$442,500-0.6%

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