Riverside County Housing Market: Affordable Options, Steady Growth

Riverside County Housing Market: Affordable Options, Steady Growth

• Median Price: $515,000
• Month-to-Month Change: 0.0%
• Year-to-Year Change: +4.0%

Riverside County remains an attractive option for buyers seeking more affordable homes compared to neighboring counties. The median price for single-family detached homes sits at $515,000, unchanged month-over-month but up 4.0% from last year.

Why Is Riverside a Growing Market?

Riverside offers a combination of affordability and suburban living, making it a popular choice for first-time buyers or those looking for more space. The county’s proximity to Los Angeles and Orange County, while being far more affordable, continues to attract buyers who want to escape higher price tags.

Navigating the Riverside Market

Inventory levels in Riverside have increased by 7.5% month-over-month, giving buyers more options with 4.3 months of unsold inventory. Homes here are selling in 29 days, a 16% increase from last month, providing buyers with a bit more breathing room. It’s still a competitive market, so working with an experienced agent can help you secure the right home.