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SW Riverside News

Saturday, November 16, 2024

Home prices increased in Hemet during November 2020

Realestate077

The median sale price of a home sold in November 2020 in Hemet rose by $51,250 while total sales increased by 21.4%, according to BlockShopper.com.

In November 2020, there were 176 homes sold, with a median sale price of $329,250 - a 18.4% increase over the $278,000 median sale price for the same period of the previous year. There were 145 homes sold in Hemet in November 2019.

The median sales tax in Hemet for the most recent year with available data, 2019, was $2,325, approximately 0.7% of the median home sale price for November 2020.

The following table compares Hemet to other Riverside County cities with similar median sale prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Idyllwild-Pine Cove 342161.9%$385,000$307,00025.4%
Perris775540%$385,000$331,50016.1%
Indio1108037.5%$361,250$348,0003.8%
Cabazon 23-33.3%$353,500$197,00079.4%
San Jacinto53513.9%$350,000$303,50015.3%
Hemet17614521.4%$329,250$278,00018.4%
White Water 10-$322,500$0-
Lakeland Village10825%$307,500$301,5002%
Banning362733.3%$285,000$269,0005.9%
Lakeview 10-$285,000$0-
Coachella1417-17.6%$280,000$283,000-1.1%

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