Riverside Real Estate Market Extends Downward Trend in Home Prices

Home sales in the Riverside market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 5.1% to 225 homes sold over the last 30 days. In comparison, nearby Moreno Valley had 170 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $349,000, extending a four-week long spiral. There are only three months of inventory available in Riverside, so it's still a seller's market, despite the falling prices.

If you are curious about inexpensive homes in Riverside, start off by checking out these great listings:

$120K   $125K   $129K  

Get started right now by checking out Riverside homes for sale or reviewing Riverside real estate trends.

Demographic facts for Riverside:

  • 41.4% of the people in this area are renters.
  • The 10-year growth projection for this area is 28.0%.
  • For every librarian there are 4,768 students in this area. (803 = national average)

Data reported through 1/11/2017


Ask a local expert about this area:
Keller Williiams Realty
Snapped 191 homes in this area
Grand Avenue Realty & Lending
Snapped 11 homes in this area
Re/Max Optima
Snapped 3 homes in this area

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