In October 2020, there were eight homes sold, with a median sale price of $410,000 - a 20.9% increase over the $339,000 median sale price for the same period of the previous year. There were six homes sold in Nuevo in October 2019.
The median sales tax in Nuevo for the most recent year with available data, 2019, was $3,071, approximately 0.7% of the median home sale price for October 2020.
The following table compares Nuevo to other Riverside County cities with similar median sale prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Rubidoux | 20 | 21 | -4.8% | $472,500 | $400,000 | 18.1% |
| Riverside | 352 | 300 | 17.3% | $465,000 | $415,000 | 12% |
| Colton | 1 | 1 | 0% | $460,000 | $605,000 | -24% |
| Lake Elsinore | 95 | 75 | 26.7% | $435,000 | $374,000 | 16.3% |
| Romoland | 4 | 3 | 33.3% | $426,000 | $434,000 | -1.8% |
| Nuevo | 8 | 6 | 33.3% | $410,000 | $339,000 | 20.9% |
| Menifee | 174 | 163 | 6.7% | $399,500 | $354,500 | 12.7% |
| Beaumont | 62 | 55 | 12.7% | $389,000 | $345,000 | 12.8% |
| Idyllwild-Pine Cove | 38 | 17 | 123.5% | $385,500 | $350,000 | 10.1% |
| Lakeview | 1 | 1 | 0% | $385,000 | $391,000 | -1.5% |
| Calimesa | 8 | 13 | -38.5% | $384,000 | $397,000 | -3.3% |
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