Riverside Real Estate Market Trends
Market Overview for Quarter 3, 2024
Median Sale Price
7.9% YoY
Median Price/Sqft
-0.3% YoY
No. of Transactions
-73.3% YoY
County Median Sale Price
5.2% YoY
In Q3, the median home sale price in Riverside was $669K, an increase of 7.9% year-over-year. By contrast, sales activity trended down with 180 deals closed, representing a decline of -73.3% compared to the same period last year. The median price per square foot in Q3 was $367, a change of -0.3% year-over-year, while the median sale price in Riverside County was $605K.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Riverside County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Rancho Mirage | $973,000 |
| 2 | Temecula | $785,500 |
| 3 | Corona | $750,000 |
| 4 | LA Quinta | $733,000 |
| 5 | Jurupa Valley | $685,000 |
| 6 | Murrieta | $670,000 |
| 7 | Riverside | $669,250 |
| 8 | Winchester | $639,000 |
| 9 | Wildomar | $630,000 |
| 10 | Palm Desert | $591,250 |
| 11 | Perris | $580,000 |
| 12 | Lake Elsinore | $575,250 |
| 13 | Indio | $570,500 |
| 14 | Menifee | $570,000 |
| 15 | Palm Springs | $555,000 |
| 16 | Moreno Valley | $552,500 |
| 17 | Beaumont | $537,500 |
| 18 | San Jacinto | $480,000 |
| 19 | Hemet | $460,000 |
| 20 | Cathedral City | $439,000 |
| 21 | Banning | $399,000 |
| 22 | Desert Hot Springs | $370,000 |
Residential Property Types Sold in Riverside
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $445K | -0.6% | $355 | 1.4% | 19 |
| House | $699K | 11.7% | $368 | -0.5% | 161 |
The Q3 median sale price for Riverside houses was $699K, increasing 11.7% year-over-year. While the median for houses was trending up, condo prices in Riverside remained flat year-over-year at $445K.
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