Is Riverside County, 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 County has remained a Seller's Market.
Housing Prices in Riverside County, CA
How much do homes in Riverside County, CA cost?
Median Sold Price
$594,162
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside County was $594,162 in April 2024, up 3.1% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284.1K | $277.9K | -2.2% |
2 Bedrooms | $425K | $430.5K | +1.3% |
3 Bedrooms | $554.8K | $575K | +3.6% |
4 Bedrooms | $639.9K | $663.9K | +3.7% |
5+ Bedrooms | $750.4K | $775.1K | +3.3% |
Summary: Riverside County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
Orange County | $971.2K | $1.0M | +11.2% |
San Diego County | $815.1K | $869.4K | +6.7% |
Riverside County | $576.1K | $594.1K | +3.1% |
San Bernardino County | $497K | $505.7K | +1.7% |
Housing Supply in Riverside County, CA
How many homes are available in Riverside County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9,018 | 9,253 | +2.6% |
Summary: The Riverside County real estate market had 9,253 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 222 | 244 | +9.9% |
2 Bedrooms | 1,760 | 1,810 | +2.8% |
3 Bedrooms | 3,499 | 3,552 | +1.5% |
4 Bedrooms | 2,511 | 2,538 | +1.1% |
5+ Bedrooms | 1,026 | 1,109 | +8.1% |
Summary: The Riverside County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,098 | 2,118 | +1.0% |
Asking Price vs. Sold Price
903 Homes Were Sold
Under Asking
451 Homes Were Sold
At Asking
764 Homes Were Sold
Over Asking
Summary: A total of 2,118 homes were sold or pending in Riverside County in April 2024, up by 1.0% month-over-month. Of the 2,118 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Riverside County, CA
How long does it take to sell a home in Riverside County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 41 Days | -15.8% |
Summary: Homes in Riverside County had an average of 41 days on market in Apr 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
1,198 Homes Were Sold
Under 30 Days
649 Homes Were Sold
In 30 - 90 Days
271 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2118 homes were sold in Riverside County; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.