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Thursday, November 7, 2024

Riverside home prices rose in January 2020

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The median sale price of a home sold in January 2020 in Riverside rose by $18,750 while total sales increased by 17.8%, according to BlockShopper.com.

In January 2020, there were 245 homes sold, with a median sale price of $417,000 - a 4.7% increase over the $398,250 median sale price for the same period of the previous year. There were 208 homes sold in Riverside in January 2019.

The median sales tax in Riverside for the most recent year with available data, 2019, was $3,074, approximately 0.7% of the median home sale price for January 2020.

The following table compares Riverside to other Riverside County cities with similar median sale prices in January 2020:

CityJan. 2020 Home SalesJan. 2019 Home Sales% change (Total Home Sales)Jan. 2020 Median Sales PriceJan. 2019 Median Sales Price% change (Median Sales Price)
Palm Springs102116-12.1%$450,000$437,5002.9%
Nuevo 72250%$435,000$415,0004.8%
La Quinta11810116.8%$434,750$465,000-6.5%
Colton 21100%$433,000$570,000-24%
Murrieta13710037%$430,000$410,0004.9%
Riverside24520817.8%$417,000$398,2504.7%
Anza 25-60%$414,000$295,00040.3%
Winchester 4819152.6%$406,000$420,000-3.3%
Rubidoux 610-40%$400,000$349,00014.6%
Bermuda Dunes 814-42.9%$394,250$352,50011.8%
Lakeview 10-$390,000$0-

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