Riverside County, CA Home Values & Market Trends

The median home price in Riverside County, CA is $598,963.97. There were 31,533 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 $536,644.912. The number of current listings in Riverside County, CA is 5,493, and the percentage of properties for sale is 5493.00%. The county has 2,205 foreclosures, 115 bank owned properties, 312 headed for auction, and 5,493 properties for sale.

Riverside County, CA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Palm Desert

$ 658,900

$ 351/sqft

Aguanga

$ 518,400

$ 290/sqft

Palm Springs

$ 875,000

$ 490/sqft

Wildomar

$ 650,700

$ 268/sqft

La Quinta

$ 800,075

$ 410/sqft

Calimesa

$ 580,000

$ 287/sqft

Indio

$ 583,875

$ 295/sqft

Winchester

$ 700,150

$ 292/sqft

Hemet

$ 445,342

$ 268/sqft

Thermal

$ 324,250

$ 213/sqft

Riverside

$ 684,250

$ 366/sqft

Blythe

$ 209,900

$ 175/sqft

Rancho Mirage

$ 974,000

$ 405/sqft

Coachella

$ 449,000

$ 293/sqft

Cathedral City

$ 529,900

$ 306/sqft

Norco

$ 918,750

$ 397/sqft

Menifee

$ 570,250

$ 279/sqft

Mountain Center

$ 619,000

$ 328/sqft

Corona

$ 792,450

$ 379/sqft

Anza

$ 444,750

$ 292/sqft

Murrieta

$ 672,250

$ 313/sqft

Jurupa Valley

$ 826,750

$ 320/sqft

Desert Hot Springs

$ 419,000

$ 259/sqft

Nuevo

$ 644,500

$ 289/sqft

Temecula

$ 753,125

$ 334/sqft

Whitewater

$ 475,000

$ 287/sqft

Moreno Valley

$ 563,625

$ 295/sqft

Idyllwild

$ 559,133

$ 411/sqft

Lake Elsinore

$ 594,563

$ 295/sqft

Homeland

$ --

$ --

Indian Wells

$ 1,162,750

$ 433/sqft

Mecca

$ --

$ --

Beaumont

$ 539,250

$ 251/sqft

Cabazon

$ --

$ --

Perris

$ 561,500

$ 299/sqft

March Air Reserve Base

$ --

$ --

San Jacinto

$ 467,811

$ 256/sqft

North Palm Springs

$ --

$ --

Thousand Palms

$ 379,448

$ 313/sqft

Mira Loma

$ --

$ --

Banning

$ 392,875

$ 294/sqft

Desert Center

$ --

$ --

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Housing Market Summary for Riverside County, CA

Apr 2023March 2024Change
Median Listing Price$569.6K$599.2K5.20%
Median Sold Price$590.8K$599.2K1.43%
Homes For Sale4,8485,43412.09%
Homes Sold23,98322,575-5.87%
Price
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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%.

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Browse Homes in Riverside County, CA

Riverside County, CA home values range from $33,107 to $32,826,325. Indian Wells is the priciest city with a median listing home price of $1,149,000, and Aguanga is most affordable with average house prices of around $129,000.

Foreclosure
There are 42 cities within Riverside County, CA; within these cities, the median estimated home value for homes in foreclosure ranges from $657,000 in Menifee to the lowest value of $175,000 in Menifee. Foreclosure homes account for 0.00% of properties in Riverside County, CA with Riverside containing 263 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.25% of all residential properties in Riverside County, CA with Riverside containing 214 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 $1,617,000 in Mountain Center to the lowest home value of $175,000 in Menifee.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Riverside County, CA ranges from the highest value of $1,095,000 in Temecula to the lowest value of $182,250 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; Hemet containing 13 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Riverside has 41 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 $1,295,000 in Rancho Mirage to the lowest value of $181,900 in Rancho Mirage.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.76% of residential properties in Riverside County, CA with Palm Desert containing 672 homes for sale, the highest number of listed properties in a single city. There are 42 cities within Riverside County, CA; homes for sale in those cities, have a range of median values from $1,299,000 in Norco to the lowest value of $92,407 in Indio.
    Sold Homes
    The median value for recently sold homes ranges from $1,050,000 in Nuevo to the lowest price of $33,107 in Nuevo. There are 42 cities within Riverside County, CA. Riverside has 2885 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.34% of properties in Riverside County, CA.

      Compare Nearby Cities

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      Guide for Riverside County, CA

      RealtyTrac Market Report
      California
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California
      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      California
      Market Trend Report For Bakersfield, California – March 2024
      California
      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      See More Articles
      RealtyTrac Market Report
      California’s Real Estate Market Climbs in Value through October 2023: A Comprehensive Year in Review
      California|posted 8 December 2023

      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.

      Riverside Property Values Soar in 2023 Amid Fierce Housing Market Trends
      California|posted 15 February 2024

      In 2023, house prices saw a steady increase, ending the year at avg 625k

      Market Trend Report For Bakersfield, California – March 2024
      California|posted 28 March 2024

      This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.