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Wednesday, December 25, 2024

Hemet median home prices rose by 25.4% in the second half of 2021

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The median sale price of a home sold in the second half of 2021 in Hemet rose by $80,000 while total sales decreased by 17.6%, according to BlockShopper.com.

From July through December of 2021, there were 803 homes sold, with a median sale price of $395,000 - a 25.4% increase over the $315,000 median sale price for the same period of the previous year. There were 974 homes sold in Hemet in the second half of 2020.

The median sales tax in Hemet for the most recent year with available data, 2019, was $2,325, approximately 0.6% of the median home sale price for the second half of 2021.

The following table compares Hemet to other Riverside County cities with similar median sale prices in the second half of 2021:

CityJuly - Dec. 2021 Home SalesJuly - Dec. 2020 Home Sales% change (Total Home Sales)July - Dec. 2021 Median Sales PriceJuly - Dec. 2020 Median Sales Price% change (Median Sales Price)
Cathedral City292373-21.7%$455,500$380,00019.9%
Cherry Valley 4051-21.6%$440,500$350,00025.9%
San Jacinto321342-6.1%$427,000$338,50026.1%
Lakeland Village3148-35.4%$400,000$333,50019.9%
Lakeview 45-20%$397,500$387,5002.6%
Hemet803974-17.6%$395,000$315,00025.4%
Thermal21100%$390,000$500,000-22%
Anza 921-57.1%$380,000$397,000-4.3%
Thousand Palms1433-57.6%$378,750$255,00048.5%
Coachella6582-20.7%$355,000$280,00026.8%
Sun City 42100%$342,000$256,25033.5%

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