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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverside County is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Riverside County was a Seller's Market.

Key Takeaway

Riverside County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Riverside County, CA cost?

Median Sold Price

$584,875

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$70,110(+13.6%)

Key Takeaway

Homes in Riverside County have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $210.1K$278.3K
+32.5%
2 $354.9K$420.3K
+18.4%
3 $490K$560K
+14.3%
4 $584.9K$648.5K
+10.9%
5+ $685.3K$760.1K
+10.9%

Median Sold Price Compared To Nearby Counties

Riverside County
+13.6%
Orange County
+13.0%
San Diego County
+12.6%
San Bernardino County
+12.3%

How many homes are available in Riverside County, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
8,4888,370-1.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 147150
+2.0%
2 1,4611,492
+2.1%
3 3,2533,199
-1.7%
4 2,5312,450
-3.2%
5+ 1,0961,079
-1.6%

Number of Homes Sold

Oct 2022Nov 2022%
1,7691,394-21.2%

Asking Price vs. Sold Price

702 Homes Were Sold
Under Asking

328 Homes Were Sold
At Asking

363 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside County, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days42 Days+81.1%

Breakdown of Home Sale Times

704 Homes Were Sold
Under 30 Days

515 Homes Were Sold
In 30 - 90 Days

175 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

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423 Tan Oak Dr, Palm Springs, CA 92262

$839,000

3

Baths

3

2,185 SqFt

423 Tan Oak Dr, Palm Springs CA, 92262

Dean Sipe

Listing Office:

Berkshire Hathaway Home Services California Properties

#219087190PS

MLS logo
29691 Deal Ct, Temecula, CA 92591

$610,000

4

Baths

2 Full, 1 Partial

1,856 SqFt

29691 Deal Ct, Temecula CA, 92591

KRYSTA REHM

Listing Office:

Rehm Realty

#IV22250701

MLS logo
26991 Lightfoot Dr, Corona, CA 92883

$619,999

3

Baths

2 Full, 1 Partial

1,758 SqFt

26991 Lightfoot Dr, Corona CA, 92883

WENDY MARTINEZ

Listing Office:

REALTY MASTERS & ASSOC. INC.

#IV22250693

MLS logo
876 Live Oak Pl, Corona, CA 92882

$525,000

3

Baths

2

1,497 SqFt

876 Live Oak Pl, Corona CA, 92882

Julie Shafii

Listing Office:

Surterre Properties Inc.

#NP22247625

MLS logo
72300 Bajada Trl, Palm Desert, CA 92260

Backup Offers

$575,000

Land

0.29 Acres

72300 Bajada Trl, Palm Desert CA, 92260

Kelly Trembley

Listing Office:

Desert Sotheby's International Realty

#219087403DA

MLS logo
81823 Prism Dr, La Quinta, CA 92253

$775,000

3

Baths

3

2,091 SqFt

81823 Prism Dr, La Quinta CA, 92253

Diana Vietor

Listing Office:

California Lifestyle Realty

#219087947DA

MLS logo
121 S Camino Arroyo, Palm Desert, CA 92260

$525,000

3

Baths

2

1,821 SqFt

121 S Camino Arroyo, Palm Desert CA, 92260

Carole Stephen-Smith

Listing Office:

HomeSmart

#219087941DA

MLS logo
10813 Hanford Way, Riverside, CA 92503

$789,000

4

Baths

3

3,075 SqFt

10813 Hanford Way, Riverside CA, 92503

MICHELLE CARNLEY

Listing Office:

COLDWELL BANKER ASSOC BRKR/CL

#IV22248500

MLS logo
563 Victorian Hill Dr, Perris, CA 92570

$539,999

4

Baths

3

2,973 SqFt

563 Victorian Hill Dr, Perris CA, 92570

Simon Quinones

Listing Office:

The Real Estate Solution

#PW22250563

MLS logo
6860 27th St, Riverside, CA 92509

$679,000

4

Baths

2

1,607 SqFt

6860 27th St, Riverside CA, 92509

Danielle Manning

Listing Office:

HOMESMART, EVERGREEN REALTY

#CV22248926

MLS logo
34745 Mission Hills Dr Unit 46, Rancho Mirage, CA 92270

$599,000

3

Baths

3

2,216 SqFt

34745 Mission Hills Dr Unit 46, Rancho Mirage CA, 92270

Alvin Greenwalt

Listing Office:

Equity Union

#22222469

MLS logo
1426 Sunflower Cir N, Palm Springs, CA 92262

$229,000

2

Baths

1

837 SqFt

1426 Sunflower Cir N, Palm Springs CA, 92262

Paige Maccio-Smith

Listing Office:

HomeSmart

#219087946DA

MLS logo

About Riverside County, CA

Riverside County, CA has 8,370 homes on the market. The inventory of homes for sale in Riverside County, CA between October 2022 and November 2022 decreased by 1.4%. Listings spent 42 days on the market in November 2022, and had a median list price of $584,875 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 32.5%, 2 bedrooms properties prices increased by 18.4%, 3 bedrooms properties prices increased by 14.3%, prices of 4 bedrooms properties went up by 10.9%, the cost of 5 bedrooms properties went up by 10.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 2%, 2 bedrooms homes became 2.1% more available, number of 3 bedrooms homes decreased by 1.7%, number of 4 bedrooms homes decreased by 3.2%, number of 5 bedrooms homes decreased by 1.6%. In November 2022, from all listings sold in Riverside County, CA there were more than 363 sold above asking price, over 702 sold below and more than 328 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from California Regional MLS, and Bay Area Real Estate Information Services Inc. for the period 12/01/2020 - 12/01/2022

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2022, 1:05:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDXCopyright © 2022 by Bay Area Real Estate Information Services, Inc. All rights reserved.

The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service (BAREIS MLS) in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Property information is provided by the listing broker. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you. BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2022, 6:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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