In July 2020, there were three homes sold, with a median sale price of $480,000 - a 39.1% increase over the $345,000 median sale price for the same period of the previous year. There were four homes sold in Nuevo in July 2019.
The median sales tax in Nuevo for the most recent year with available data, 2016, was $2,599, approximately 0.5% of the median home sale price for July 2020.
The following table compares Nuevo to other Riverside County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mira Loma | 4 | 16 | -75% | $602,750 | $493,500 | 22.1% |
| Corona | 197 | 250 | -21.2% | $575,000 | $540,000 | 6.5% |
| Palm Springs | 124 | 124 | 0% | $552,500 | $426,250 | 29.6% |
| Temecula | 166 | 222 | -25.2% | $506,500 | $475,000 | 6.6% |
| Rancho Mirage | 58 | 59 | -1.7% | $499,000 | $525,000 | -5% |
| Nuevo | 3 | 4 | -25% | $480,000 | $345,000 | 39.1% |
| La Quinta | 109 | 110 | -0.9% | $476,000 | $421,000 | 13.1% |
| Murrieta | 168 | 232 | -27.6% | $465,000 | $439,500 | 5.8% |
| Sun City | 1 | 0 | - | $460,000 | $0 | - |
| Canyon Lake | 32 | 27 | 18.5% | $452,500 | $498,000 | -9.1% |
| Riverside | 213 | 369 | -42.3% | $450,000 | $410,000 | 9.8% |
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