Temecula home prices rise in 2019

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The median sale price of a home sold in 2019 in Temecula rose by $5,500 while total sales decreased by 34.7%, according to BlockShopper.com.

From January through December of 2019, there were 1,263 homes sold, with a median sale price of $470,000 - a 1.2% increase over the $464,500 median sale price for the previous year. There were 1,933 homes sold in Temecula in 2018.

The median sales tax in Temecula for the most recent year with available data, 2016, was $4,479, approximately 1% of the median home sale price for 2019.

The following table compares Temecula to other Riverside County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Yucaipa 27-71.4%$663,750$675,000-1.7%
Norco154281-45.2%$595,000$575,0003.5%
Rancho Mirage523846-38.2%$525,000$520,0001%
Corona1,6352,652-38.3%$520,000$510,0002%
Mira Loma 115181-36.5%$500,000$475,0005.3%
Temecula1,2631,933-34.7%$470,000$464,5001.2%
La Quinta9421,516-37.9%$445,000$418,5006.3%
Mountain Center 3040-25%$442,750$335,50032%
Canyon Lake187251-25.5%$440,000$425,0003.5%
Palm Springs1,0871,681-35.3%$440,000$412,0006.8%
Murrieta1,3842,137-35.2%$430,000$420,0002.4%

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