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Wednesday, December 25, 2024

Pricing for the median home in Lakeland Village increased during the second half of 2021

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The median sale price of a home sold in the second half of 2021 in Lakeland Village rose by $66,500 while total sales decreased by 35.4%, according to BlockShopper.com.

From July through December of 2021, there were 31 homes sold, with a median sale price of $400,000 - a 19.9% increase over the $333,500 median sale price for the same period of the previous year. There were 48 homes sold in Lakeland Village in the second half of 2020.

The median sales tax in Lakeland Village for the most recent year with available data, 2019, was $1,691, approximately 0.4% of the median home sale price for the second half of 2021.

The following table compares Lakeland Village 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)
Bermuda Dunes 6086-30.2%$469,500$435,5007.8%
Indio430711-39.5%$456,000$365,00024.9%
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%

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