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NW Riverside News

Sunday, September 22, 2024

Riverside home prices rise in 2018

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The median sale price of a home sold in 2018 in Riverside rose by $30,000 while total sales decreased by 8.2%, according to BlockShopper.com.

From January through December of 2018, there were 3,508 homes sold, with a median sale price of $400,000 - a 8.1% increase over the $370,000 median sale price for the previous year. There were 3,820 homes sold in Riverside in 2017.

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 2018.

The following table compares Riverside to other Riverside County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Murrieta2,1372,347-8.9%$420,000$400,0005%
La Quinta1,5161,545-1.9%$418,500$388,0007.9%
Lakeview 121020%$416,000$267,50055.5%
Palm Springs1,6811,685-0.2%$412,000$378,0009%
Wildomar362427-15.2%$410,000$385,0006.5%
Riverside3,5083,820-8.2%$400,000$370,0008.1%
Sun City 7616.7%$390,000$322,50020.9%
Romoland 392277.3%$376,000$365,5002.9%
Nuevo 6581-19.8%$370,000$320,00015.6%
Lake Elsinore8711,043-16.5%$370,000$345,0007.2%
Aguanga 2738-28.9%$370,000$305,00021.3%

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