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Statewide, the median price last month was $818,260, compared to $814,010 in April — up .5%. In May 2020, the median price was $588,070, reflecting a year-over-year rise of 39%. On a year-over-year level, the price was 29% higher; in May 2020, the median price of an existing single-family property was $434,480, data showed. After setting record highs for the past four consecutive months, California’s median home price slipped 1% on a month-to-month basis to $811,170 in July, down from June’s $819,630 and up 21.7% from the $666,320 recorded last July.
In this guide, we’ll give you an overview of the Riverside County housing market by neighborhood so that you can plan for a speedy and lucrative sale. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents.
Zip Code Listings
In November 2022, Riverside County home prices were up 1.3% compared to last year, selling for a median price of $557K. On average, homes in Riverside County sell after 48 days on the market compared to 31 days last year. There were 1,646 homes sold in November this year, down from 3,113 last year. The median home price countywide in June was $575,000, compared to $560,500 in May, representing a 2.7 percent increase, according to CAR.
"A lack of housing inventory continues to push up prices," CAR Chief Economist Jordan Levine said. A lack of housing inventory across the state continues to push up prices. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. The average sale price of a home in Riverside County was $558K last month, up 1.5% since last year.
Riverside Home Values
On a year-over- year level, the price was 28 percent higher; in June 2020, the median price of an existing single-family property was $450,000, data showed. RIVERSIDE COUNTY, CA - The median price of a home in Riverside County rose by 8 percent in December, compared with the same month a year earlier, while the number of homes sold inched up by 0.8 percent, a real estate information service announced Tuesday. Although the city gets high marks in liveability as a whole, the average home price in Riverside, CA, varies depending on the neighborhood. Below are 25 discrete Riverside neighborhoods, their homes’ median price, and a few factors that influence Riverside real estate market prices. RIVERSIDE COUNTY, CA — The median price of a single-family home in Riverside County climbed nearly 3 percent last month, while sales of existing homes also increased, the California Association of Realtors said Friday.
We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.
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IDX information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. For the Southern California region as a whole, April's median home price was $750,000, a 6.4% increase from last month's $705,000.
Many homes in Riverside County are selling fast, if you're buying plan to act quickly. The Inland Empire, once the most affordable place to own a home in Southern California, has officially joined the rest of the state with home prices topping $600,000. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Explore how many homes are likely to flood in nearby cities, compared to .
Nearby City Housing Markets
"While October's sales and price results were weaker than what we've experienced in the past couple of years and could slow further in the upcoming off-season, the market bottom could be in sight," CAR President Jennifer Branchini said. In November 2022, Riverside home prices were up 1.7% compared to last year, selling for a median price of $585K. On average, homes in Riverside sell after 43 days on the market compared to 28 days last year. There were 153 homes sold in November this year, down from 302 last year.
Home prices have an extensive span, and there are some wildly expensive properties in the United States. "Southern California home sales in December 2016 fell on a year-over- year basis for the first time since last summer, but there's a caveat," said Andrew LePage, research analyst with CoreLogic. The median price of a Riverside County home was $345,750 last month, data indicates. The median home price countywide in October was $599,990, compared to $600,000 in September, according to CAR. Statewide, the average median home price rose to $771,270, up from $765,610 in January and $699,000 in January 2021.
Statewide, the median home price last month was $819,630, compared to $818,260 in May — up 0.2 percent. The June median price is 31 percent higher than the same time last year when the median price was $626,170. The median represents the point at which half of homes sell above a price, and the other half below it.
Click on the risks below to learn which exist in Riverside County today and how they’ll change by 2050. Based on Redfin calculations of home data from MLS and/or public records.
As a long-time Asset Manager, Investor, Real Estate Agent, and Broker/Owner of BayBrook Realty in Orange County, Brandon Brown is one of FlipSplit’s lead Real Estate experts. Having worked on over 2,000+ real estate transactions, Brandon brings a depth of knowledge that ensures clients are appropriately treated with honesty and integrity. His insights and advice have been published in numerous blogs beyond FlipSplit, and he keeps a close eye on market trends and statistics, which are updated weekly on his social media pages.
Shiller's monthly data started in 1953; we merely have a yearly home value resolution before then. If you clamor enough, I'll extend the series further back with linear interpolation. Use the average ratio in the overlap of the FHFA index and Shiller's NSA home data. He anticipated "lackluster" sales activity for the second half of the year.
The median price in California remained above the $800,000 benchmark for the fourth consecutive month. April home sales increased on a monthly basis for the third consecutive month, rising 2.6% from 446,410 in March and up 65.1% from a year ago. The sharp yearly sales jump was expected as the housing market was hit hard by the coronavirus shutdown last year, when home sales dropped more than 30% over the previous April.
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