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

Comments:

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

Agents that specialize in this area
1 snap in this area
157 snaps in this area
15 snaps in this area
11 snaps in this area
14 snaps in this area
19 snaps in this area
5 snaps in this area
4 snaps in this area
11 snaps in this area
4 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.