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Monday, November 18, 2024

Perris home prices rise in the second half of 2019

Realestate2

The median sale price of a home sold in the second half of 2019 in Perris rose by $12,000 while total sales decreased by 75.5%, according to BlockShopper.com.

From July through December of 2019, there were 118 homes sold, with a median sale price of $335,000 - a 3.7% increase over the $323,000 median sale price for the same period of the previous year. There were 481 homes sold in Perris in the second half of 2018.

The median sales tax in Perris for the most recent year with available data, 2016, was $3,155, approximately 0.9% of the median home sale price for the second half of 2019.

The following table compares Perris to other Riverside County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Menifee 293827-64.6%$360,000$345,0004.3%
Lakeview 34-25%$360,000$474,772.50-24.2%
Palm Desert312898-65.3%$355,000$336,7505.4%
Beaumont119329-63.8%$342,000$335,0002.1%
Moreno Valley3071,053-70.8%$340,000$330,0003%
Perris118481-75.5%$335,000$323,0003.7%
Cathedral City103334-69.2%$329,000$307,0007.2%
Homeland 112-91.7%$320,000$330,000-3%
Indio183604-69.7%$318,500$323,250-1.5%
San Jacinto127389-67.4%$298,000$290,0002.8%
Cherry Valley 929-69%$295,000$290,5001.5%

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