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Tuesday, December 24, 2024

The fourth quarter of 2021: Rancho Mirage experienced a 20% increase in median home prices

Realestate1

The median sale price of a home sold in the fourth quarter of 2021 in Rancho Mirage rose by $121,500 while total sales decreased by 73.5%, according to BlockShopper.com.

From October through December of 2021, there were 85 homes sold, with a median sale price of $729,000 - a 20% increase over the $607,500 median sale price for the same period of the previous year. There were 321 homes sold in Rancho Mirage in the fourth quarter of 2020.

The median sales tax in Rancho Mirage for the most recent year with available data, 2019, was $6,495, approximately 0.9% of the median home sale price for the fourth quarter of 2021.

The following table compares Rancho Mirage to other Riverside County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Indian Wells29154-81.2%$1,400,000$887,50057.7%
Colton 12-50%$950,000$492,50092.9%
Norco2092-78.3%$942,500$663,50042%
Yucaipa 12-50%$865,000$732,50018.1%
Corona298757-60.6%$735,000$589,00024.8%
Rancho Mirage85321-73.5%$729,000$607,50020%
Mira Loma 1339-66.7%$699,000$570,00022.6%
Temecula251611-58.9%$669,500$545,00022.8%
La Quinta161563-71.4%$650,000$559,00016.3%
Mountain Center 322-86.4%$630,000$475,00032.6%
Romoland 14-75%$625,000$426,00046.7%

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