Is Riverside, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Riverside is a seller's market


Difference Since November 2022

Since last year, Riverside has remained a Seller's Market.

Key Takeaway

Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverside, CA

How much do homes in Riverside, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Riverside have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Riverside was $619,902 in November 2023, up 4.2% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $315K$309.9K
2 $431.6K$460K
3 $560.8K$570.5K
4 $645K$687.7K
5+ $795.2K$830K

Summary: Riverside housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Cities

Lake Mathews
Moreno Valley

Housing Supply in Riverside, CA

How many homes are available in Riverside, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Riverside real estate market had 537 homes for sale in November 2023, a 5.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 24
2 4435
3 214194
4 200195
5+ 105109

Summary: The Riverside housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 3.8%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 127 homes were sold or pending in Riverside in November 2023, down by 15.9% month-over-month. Of the 127 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.

Days on Market for Riverside, CA

How long does it take to sell a home in Riverside, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
36 Days26 Days-27.2%

Summary: Homes in Riverside had an average of 26 days on market in Nov 2023, down by 27.2% compared to last year.

Breakdown of Home Sale Times

97 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverside are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 127 homes were sold in Riverside; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Riverside, CA

Nearby Markets to Riverside, CA

What housing markets are near Riverside, CA?