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Sunday, November 17, 2024

Romoland home prices rise in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Romoland rose by $67,500 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

From July through September of 2019, there were four homes sold, with a median sale price of $409,000 - a 19.8% increase over the $341,500 median sale price for the same period of the previous year. There were four homes sold in Romoland in the third quarter of 2018, as well.

The median sales tax in Romoland for the most recent year with available data, 2016, was $1,733, approximately 0.4% of the median home sale price for the third quarter of 2019.

The following table compares Romoland to other Riverside County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
La Quinta188331-43.2%$421,000$400,0005.3%
Mountain Center 911-18.2%$420,000$398,0005.5%
Wildomar6598-33.7%$420,000$411,0002.2%
Palm Springs213400-46.8%$419,000$439,000-4.6%
Riverside542943-42.5%$410,000$405,0001.2%
Romoland 440%$409,000$341,50019.8%
Bermuda Dunes 2342-45.2%$395,000$350,25012.8%
Lake Elsinore146227-35.7%$385,500$379,0001.7%
Calimesa1726-34.6%$380,000$357,5006.3%
Nuevo 812-33.3%$367,500$418,500-12.2%
Aguanga 10742.9%$365,000$370,000-1.4%

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