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Sunday, November 17, 2024

Wildomar home prices rise in the first half of 2020

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The median sale price of a home sold in the first half of 2020 in Wildomar rose by $13,500 while total sales decreased by 26.3%, according to BlockShopper.com.

From January through June of 2020, there were 129 homes sold, with a median sale price of $423,500 - a 3.3% increase over the $410,000 median sale price for the same period of the previous year. There were 175 homes sold in Wildomar in the first half of 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 the first half of 2020.

The following table compares Wildomar to other Riverside County cities with similar median sales prices in the first half of 2020:

CityJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Winchester 186221-15.8%$449,000$432,5003.8%
Murrieta6761,041-35.1%$445,000$428,0004%
Riverside1,0151,705-40.5%$435,000$410,0006.1%
Bermuda Dunes 4267-37.3%$431,000$385,00011.9%
Palm Springs488874-44.2%$429,500$445,000-3.5%
Wildomar129175-26.3%$423,500$410,0003.3%
Romoland 15147.1%$421,000$410,0002.7%
Calimesa3583-57.8%$417,000$382,5009%
Nuevo 1130-63.3%$415,000$395,0005.1%
Lake Elsinore265409-35.2%$398,000$365,0009%
Rubidoux 4787-46%$395,000$365,0008.2%

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