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Thursday, November 7, 2024

Riverside home prices rise in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Riverside rose by $20,000 while total sales decreased by 11.9%, according to BlockShopper.com.

From January through March of 2019, there were 686 homes sold, with a median sale price of $405,000 - a 5.2% increase over the $385,000 median sale price for the same period of the previous year. There were 779 homes sold in Riverside in the first quarter of 2018.

The median sales tax in Riverside for the most recent year with available data, 2016, was $2,709, approximately 0.7% of the median home sale price for the first quarter of 2019.

The following table compares Riverside to other Riverside County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Homeland 20-$437,500$0-
La Quinta330388-14.9%$437,500$405,0008%
Winchester 85114-25.4%$430,000$430,0000%
Murrieta386461-16.3%$417,250$415,0000.5%
Wildomar867613.2%$410,000$410,750-0.2%
Riverside686779-11.9%$405,000$385,0005.2%
Aguanga 48-50%$403,000$426,000-5.4%
Romoland 330%$396,000$362,5009.2%
Calimesa36360%$383,500$347,50010.4%
Bermuda Dunes 3342-21.4%$375,000$344,5008.9%
Rubidoux 3349-32.7%$367,000$365,0000.5%

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