Is Riverside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Riverside has remained a Seller's Market.
Housing Prices in Riverside, CA
How much do homes in Riverside, CA cost?
Median Sold Price
$637,181
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside was $637,181 in April 2024, up 7% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $304.9K | $325K | +6.6% |
2 Bedrooms | $429K | $490K | +14.2% |
3 Bedrooms | $559.9K | $593.2K | +5.9% |
4 Bedrooms | $650K | $699.9K | +7.7% |
5+ Bedrooms | $798K | $850K | +6.5% |
Summary: Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Riverside | $595.3K | $637.1K | +7.0% |
Lake Mathews | $749.5K | $798.8K | +6.6% |
Jurupa | $719.9K | $759.2K | +5.4% |
Moreno Valley | $515K | $533.5K | +3.6% |
Colton | $465K | $480.6K | +3.4% |
Housing Supply in Riverside, CA
How many homes are available in Riverside, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
693 | 692 | -0.1% |
Summary: The Riverside real estate market had 692 homes for sale in April 2024, a 0.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 51 | 48 | -5.9% |
3 Bedrooms | 253 | 243 | -4.0% |
4 Bedrooms | 257 | 268 | +4.3% |
5+ Bedrooms | 124 | 125 | +0.8% |
Summary: The Riverside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
181 | 175 | -3.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Summary: A total of 175 homes were sold or pending in Riverside in April 2024, down by 3.3% month-over-month. Of the 175 sold homes, 31% were sold under asking, 18% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 26 Days | -33.8% |
Summary: Homes in Riverside had an average of 26 days on market in Apr 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
127 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 175 homes were sold in Riverside; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.