In July 2020, there were 166 homes sold, with a median sale price of $506,500 - a 6.6% increase over the $475,000 median sale price for the same period of the previous year. There were 222 homes sold in Temecula in July 2019.
The median sales tax in Temecula for the most recent year with available data, 2016, was $4,479, approximately 0.9% of the median home sale price for July 2020.
The following table compares Temecula 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) |
|---|---|---|---|---|---|---|
| Indian Wells | 21 | 27 | -22.2% | $750,000 | $655,000 | 14.5% |
| Norco | 18 | 21 | -14.3% | $603,000 | $612,000 | -1.5% |
| 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 | - |
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