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Wednesday, December 25, 2024

Home prices increased in Rancho Mirage during 2021

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The median sale price of a home sold in 2021 in Rancho Mirage rose by $117,750 while total sales increased by 3.2%, according to BlockShopper.com.

From January through December of 2021, there were 894 homes sold, with a median sale price of $688,750 - a 20.6% increase over the $571,000 median sale price for the previous year. There were 866 homes sold in Rancho Mirage in 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 2021.

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

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Indian Wells38534810.6%$900,000$770,00016.9%
Yucaipa 6450%$837,500$685,00022.3%
Norco2822800.7%$715,000$622,00015%
Rancho Mirage8948663.2%$688,750$571,00020.6%
Corona2,4952,19513.7%$672,500$565,00019%
Temecula2,0231,73116.9%$640,000$520,00023.1%
Mira Loma 1251222.5%$640,000$541,25018.2%
Palm Springs1,6071,5424.2%$603,000$482,25025%
La Quinta1,8141,51919.4%$600,500$507,50018.3%
Canyon Lake298304-2%$596,500$524,00013.8%
Murrieta2,3302,02415.1%$570,000$470,00021.3%

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