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SW Riverside News

Saturday, November 16, 2024

October 2020: Home prices in Lakeland Village increased

Realestate5

The median sale price of a home sold in October 2020 in Lakeland Village rose by $32,000 while total sales increased by 57.1%, according to BlockShopper.com.

In October 2020, there were 11 homes sold, with a median sale price of $332,000 - a 10.7% increase over the $300,000 median sale price for the same period of the previous year. There were seven homes sold in Lakeland Village in October 2019.

The median sales tax in Lakeland Village for the most recent year with available data, 2019, was $1,691, approximately 0.5% of the median home sale price for October 2020.

The following table compares Lakeland Village to other Riverside County cities with similar median sale prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Perris6480-20%$383,250$338,00013.4%
Palm Desert26217351.4%$380,000$339,00012.1%
Moreno Valley199202-1.5%$376,000$355,0005.9%
Cathedral City675131.4%$375,000$339,00010.6%
Indio13410231.4%$350,750$318,50010.1%
Lakeland Village11757.1%$332,000$300,00010.7%
San Jacinto786323.8%$330,000$295,00011.9%
Hemet1821772.8%$315,000$289,0009%
Cherry Valley 126100%$302,000$232,50029.9%
Cabazon 220%$270,000$235,00014.9%
Coachella1519-21.1%$270,000$255,0005.9%

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