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Wednesday, November 6, 2024

Riverside home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Riverside rose by $5,000 while total sales increased by 21.6%, according to BlockShopper.com.

In May 2019, there were 389 homes sold, with a median sale price of $415,000 - a 1.2% increase over the $410,000 median sale price for the same period of the previous year. There were 320 homes sold in Riverside in May 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 May 2019.

The following table compares Riverside to other Riverside County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Romoland 71600%$438,000$417,5004.9%
Calimesa13128.3%$430,000$330,50030.1%
Winchester 645418.5%$429,500$445,250-3.5%
Murrieta25220522.9%$429,500$420,0002.3%
Palm Springs172176-2.3%$418,500$414,0001.1%
Riverside38932021.6%$415,000$410,0001.2%
Wildomar35350%$410,000$420,000-2.4%
Lakeview 23-33.3%$400,000$422,000-5.2%
Lake Elsinore7886-9.3%$361,250$370,000-2.4%
Bermuda Dunes 1119-42.1%$360,000$319,00012.9%
Rubidoux 26260%$355,000$349,0001.7%

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