In October 2020, there were 95 homes sold, with a median sale price of $435,000 - a 16.3% increase over the $374,000 median sale price for the same period of the previous year. There were 75 homes sold in Lake Elsinore in October 2019.
The median sales tax in Lake Elsinore for the most recent year with available data, 2019, was $3,981, approximately 0.9% of the median home sale price for October 2020.
The following table compares Lake Elsinore 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) |
|---|---|---|---|---|---|---|
| Wildomar | 41 | 38 | 7.9% | $495,000 | $406,000 | 21.9% |
| Palm Springs | 176 | 98 | 79.6% | $477,000 | $461,750 | 3.3% |
| 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% |
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