Justin Tye

Riverside, CA

Single-Family Homes

Active Realty I REAL



Riverside, CA

Fri Jun 21 2024
This week the median list price for Riverside, CA is $749,900 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 311. Click here to stay informed with the Riverside market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Riverside, CA

Fri Jun 21 2024
This week the median list price for Riverside, CA is $749,900 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has held steady at or around 311. Click here to stay informed with the Riverside market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Riverside market.
Median List Price $749,900
Median Price of New Listings $654,950
Per Square Foot $361
Average Days on Market 55
Median Days on Market 35
Price Decreased 33%
Price Increased 8%
Relisted 3%
Inventory 311
Median Rent
Market Action 56
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,275,000 3,736 1 - 2.5 acres 4 3.5 23 7 9 49
$827,450 2,578 8,000 - 10,000 sqft 4 3 24 14 19 49
$697,000 1,867 6,500 - 8,000 sqft 3 2 35 17 19 31
$599,000 1,318 6,500 - 8,000 sqft 3 2 65 30 28 14