March 2021: Corona experienced a 4.4% drop in median home prices

March 2021: Corona experienced a 4.4% drop in median home prices
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The median sale price of a home sold in March 2021 in Corona fell by $25,000 while total sales decreased by 96.2%, according to BlockShopper.com.

In March 2021, there were seven homes sold, with a median sale price of $540,000 – a 4.4% decrease over the $565,000 median sale price for the same period of the previous year. There were 182 homes sold in Corona in March 2020.

The median sales tax in Corona for the most recent year with available data, 2019, was $5,056, approximately 0.9% of the median home sale price for March 2021.

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

City Mar. 2021 Home Sales Mar. 2020 Home Sales % change (Total Home Sales) Mar. 2021 Median Sales Price Mar. 2020 Median Sales Price % change (Median Sales Price)
Palm Springs 7 145 -95.2% $875,000 $436,000 100.7%
La Quinta 5 152 -96.7% $650,000 $454,000 43.2%
Riverside 8 241 -96.7% $636,500 $438,000 45.3%
Murrieta 6 158 -96.2% $570,000 $444,500 28.2%
Temecula 5 148 -96.6% $555,000 $481,500 15.3%
Corona 7 182 -96.2% $540,000 $565,000 -4.4%
Canyon Lake 1 32 -96.9% $484,000 $483,000 0.2%
Mira Loma 1 16 -93.8% $475,000 $388,500 22.3%
Beaumont 1 54 -98.1% $465,000 $341,250 36.3%
Wildomar 1 27 -96.3% $447,000 $430,000 4%
Moreno Valley 4 162 -97.5% $407,500 $363,750 12%


Related

Weekly recap of Riverside County home sales during week ending Nov. 1

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