Riverside County, CA Home Values & Market Trends
The median home price in Riverside County, CA is $592,809.34. There were 31,638 home sales in Riverside County, CA over the past 12 months. The median residential Riverside County, CA home value for transactions over the previous year is $532,828.604. The number of current listings in Riverside County, CA is 5,361, and the percentage of properties for sale is 5361.00%. The county has 890 foreclosures, 111 bank owned properties, 316 headed for auction, and 5,361 properties for sale.
Riverside County, CA Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Palm Desert | $ 659,250 $ 350/sqft | Banning | $ 370,000 $ 294/sqft |
Palm Springs | $ 899,750 $ 487/sqft | Winchester | $ 700,600 $ 290/sqft |
La Quinta | $ 863,500 $ 408/sqft | Wildomar | $ 653,750 $ 292/sqft |
Hemet | $ 427,250 $ 256/sqft | Calimesa | $ 570,000 $ 267/sqft |
Indio | $ 575,000 $ 300/sqft | Thermal | $ 315,400 $ 213/sqft |
Riverside | $ 648,945 $ 369/sqft | Blythe | $ 236,750 $ 176/sqft |
Rancho Mirage | $ 949,000 $ 401/sqft | Coachella | $ 424,509 $ 274/sqft |
Cathedral City | $ 531,516 $ 301/sqft | Norco | $ 941,355 $ 437/sqft |
Menifee | $ 541,500 $ 274/sqft | Anza | $ 376,600 $ 271/sqft |
Murrieta | $ 680,825 $ 302/sqft | Mountain Center | $ 622,000 $ 314/sqft |
Corona | $ 747,250 $ 387/sqft | Nuevo | $ 612,600 $ 292/sqft |
Moreno Valley | $ 532,385 $ 300/sqft | Jurupa Valley | $ 805,494 $ 348/sqft |
Desert Hot Springs | $ 442,550 $ 247/sqft | Whitewater | $ 590,000 $ 672/sqft |
Temecula | $ 751,000 $ 338/sqft | Idyllwild | $ 706,900 $ 373/sqft |
Lake Elsinore | $ 585,000 $ 292/sqft | Homeland | $ -- $ -- |
Indian Wells | $ 1,132,250 $ 422/sqft | Mecca | $ 264,900 $ 162/sqft |
Perris | $ 563,625 $ 300/sqft | Cabazon | $ 414,800 $ 329/sqft |
San Jacinto | $ 443,750 $ 274/sqft | North Palm Springs | $ -- $ -- |
Beaumont | $ 528,500 $ 244/sqft | March Air Reserve Base | $ -- $ -- |
Thousand Palms | $ 463,100 $ 297/sqft | Mira Loma | $ -- $ -- |
Aguanga | $ 570,000 $ 273/sqft | Desert Center | $ -- $ -- |
Housing Market Summary for Riverside County, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $569.2K | $594.3K | 4.41% |
Median Sold Price | $585.4K | $594.3K | 1.52% |
Homes For Sale | 5,042 | 5,372 | 6.55% |
Homes Sold | 24,492 | 24,124 | -1.50% |
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 County, CA
Browse Homes in Riverside County, CA
Riverside County, CA home values range from $34,797 to $31,330,900. Indian Wells is the priciest city with a median listing home price of $1,195,000, and Aguanga is most affordable with average house prices of around $129,700.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in Riverside County, CA with Riverside containing 58 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 42 cities within Riverside County, CA; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,211,000 in Norco to the lowest home value of $205,250 in Blythe.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Riverside County, CA ranges from the highest value of $958,500 in Rancho Mirage to the lowest value of $60,126 in Blythe. Bank owned homes and properties account for 0.02% of properties in Riverside County, CA. There are 42 cities within Riverside County, CA; Riverside containing 10 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsRiverside has 40 auction properties, the highest number of properties going to auction in a single city in the state of Riverside County, CA. Auction homes and other auction properties account for 0.04% of all properties in Riverside County, CA. There are 42 cities within Riverside County, CA; of those cities, the median estimated home value for homes going to auction ranges from $1,366,000 in Norco to the lowest value of $225,750 in Norco.
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More Real Estate Resources for Riverside County, CA
Guide for Riverside County, 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.
In 2023, house prices saw a steady increase, ending the year at avg 625k
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.
Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.