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Saturday, November 16, 2024

October 2020: Corona experienced a 10.1% increase in median home prices

Realestate3

Adobe Stock

Adobe Stock

The median sale price of a home sold in October 2020 in Corona rose by $53,000 while total sales decreased by 2.7%, according to BlockShopper.com.

In October 2020, there were 252 homes sold, with a median sale price of $579,000 - a 10.1% increase over the $526,000 median sale price for the same period of the previous year. There were 259 homes sold in Corona in October 2019.

The median sales tax in Corona for the most recent year with available data, 2019, was $5,056, approximately 0.9% of the median home sale price for October 2020.

The following table compares Corona 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)
Indian Wells4619142.1%$789,500$810,000-2.5%
Norco2835-20%$709,500$577,00023%
Rancho Mirage11955116.4%$600,000$650,000-7.7%
Corona252259-2.7%$579,000$526,00010.1%
Bermuda Dunes 151136.4%$572,000$380,00050.5%
Canyon Lake35342.9%$569,500$482,25018.1%
La Quinta19311666.4%$560,000$420,00033.3%
Homeland 23-33.3%$555,000$498,00011.4%
Mira Loma 1213-7.7%$555,000$459,00020.9%
Temecula22017724.3%$539,500$470,00014.8%
Winchester 4859-18.6%$522,500$395,00032.3%

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