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Wednesday, December 25, 2024

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

Realestate4

The median sale price of a home sold in the second half of 2021 in Corona rose by $130,000 while total sales decreased by 25.6%, according to BlockShopper.com.

From July through December of 2021, there were 1,107 homes sold, with a median sale price of $710,000 - a 22.4% increase over the $580,000 median sale price for the same period of the previous year. There were 1,488 homes sold in Corona in the second half of 2020.

The median sales tax in Corona for the most recent year with available data, 2019, was $5,056, approximately 0.7% of the median home sale price for the second half of 2021.

The following table compares Corona 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)
Indian Wells98257-61.9%$935,500$799,00017.1%
Norco112188-40.4%$732,000$637,50014.8%
Rancho Mirage293605-51.6%$725,000$585,00023.9%
Yucaipa 23-33.3%$715,000$690,0003.6%
Corona1,1071,488-25.6%$710,000$580,00022.4%
Temecula8981,172-23.4%$660,000$535,00023.4%
Mira Loma 5875-22.7%$657,500$555,00018.5%
Colton 45-20%$602,500$499,00020.7%
Palm Springs6161,038-40.7%$602,000$515,00016.9%
La Quinta5671,024-44.6%$600,000$535,00012.1%
Winchester 188282-33.3%$600,000$479,50025.1%

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