Riverside, CA Home Values & Market Trends
Real estate market trends reflect that there have been 3,012 transactions over the past year in Riverside. The median value for residential home transactions that occurred over the previous year is $617,424.94. The number of current listings in Riverside is 341, and the percentage of properties for sale in the city is 341.00%. Riverside, CA currently has 278 properties in foreclosure, 8 bank owned properties, 39 properties headed for auction, and 341 properties for sale.
Riverside, CA Real Estate Market Overview
Housing Market Summary for Riverside, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $619K | $620.1K | 0.17% |
| Median Sold Price | $611.3K | $620.1K | 1.43% |
| Homes For Sale | 345 | 328 | -4.93% |
| Homes Sold | 2,868 | 2,787 | -2.82% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Riverside, CA
Browse Homes in Riverside, CA
Riverside home values range from $88,043 to $3,459,350. The median estimated value of a home in Riverside is $617,424.94. The median list price of a home is 660,000, and the total count of properties in the city is 100,999.
- Pre-ForeclosurePre-foreclosure homes account for 0.23% of all residential properties in Riverside, CA with 92503 containing 59 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 8 zips within Riverside, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,498,000 in 92506 to the lowest home value of $345,000 in 92503.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Riverside, CA ranges from the highest value of $969,900 in 92506 to the lowest value of $456,500 in 92504. Bank owned homes and properties account for 0.01% of properties in Riverside, CA. There are 8 zips within Riverside, CA; 92504 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions92503 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Riverside, CA. Auction homes and other auction properties account for 0.04% of all properties in Riverside, CA. There are 8 zips within Riverside, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,295,000 in 92506 to the lowest value of $450,000 in 92506.
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More Real Estate Resources for Riverside, CA
Guide for Riverside, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
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