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Thursday, November 7, 2024

Moreno Valley home prices rose in January 2020

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The median sale price of a home sold in January 2020 in Moreno Valley rose by $25,250 while total sales increased by 10.6%, according to BlockShopper.com.

In January 2020, there were 146 homes sold, with a median sale price of $346,250 - a 7.9% increase over the $321,000 median sale price for the same period of the previous year. There were 132 homes sold in Moreno Valley in January 2019.

The median sales tax in Moreno Valley for the most recent year with available data, 2019, was $2,852, approximately 0.8% of the median home sale price for January 2020.

The following table compares Moreno Valley to other Riverside County cities with similar median sale prices in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Lake Elsinore5859-1.7%$376,750$340,00010.8%
Aguanga 41300%$370,750$389,000-4.7%
Romoland 110%$362,000$39,091826%
Menifee 11410014%$352,500$350,0000.7%
Beaumont383411.8%$350,000$336,2504.1%
Moreno Valley14613210.6%$346,250$321,0007.9%
Perris4556-19.6%$345,500$325,0006.3%
Palm Desert146148-1.4%$343,500$350,000-1.9%
Cathedral City42420%$336,250$319,0005.4%
Lakeland Village36-50%$330,000$264,50024.8%
Coachella1822-18.2%$320,000$260,00023.1%

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