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SW Riverside News

Monday, November 18, 2024

Wildomar home prices rise in May 2020

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The median sale price of a home sold in May 2020 in Wildomar rose by $32,000 while total sales decreased by 31.4%, according to BlockShopper.com.

In May 2020, there were 24 homes sold, with a median sale price of $442,000 - a 7.8% increase over the $410,000 median sale price for the same period of the previous year. There were 35 homes sold in Wildomar in May 2019.

The median sales tax in Wildomar for the most recent year with available data, 2016, was $3,333, approximately 0.8% of the median home sale price for May 2020.

The following table compares Wildomar to other Riverside County cities with similar median sales prices in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Temecula112208-46.2%$505,000$477,5005.8%
Rancho Mirage3183-62.7%$505,000$570,000-11.4%
Cherry Valley 17-85.7%$490,000$257,00090.7%
Canyon Lake1729-41.4%$469,000$450,0004.2%
Murrieta108252-57.1%$443,250$429,5003.2%
Wildomar2435-31.4%$442,000$410,0007.8%
Winchester 3164-51.6%$440,000$429,5002.4%
Riverside160389-58.9%$436,000$415,0005.1%
Calimesa613-53.8%$432,500$430,0000.6%
Romoland 37-57.1%$421,000$438,000-3.9%
Rubidoux 1126-57.7%$418,000$355,00017.7%

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