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Sunday, September 22, 2024

Riverside home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Riverside rose by $25,000 while total sales decreased by 1.7%, according to BlockShopper.com.

From October through December of 2018, there were 849 homes sold, with a median sale price of $400,000 - a 6.7% increase over the $375,000 median sale price for the same period of the previous year. There were 864 homes sold in Riverside in the fourth quarter of 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 the fourth quarter of 2018.

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

CityOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Winchester 113130-13.1%$437,000$414,0005.6%
Murrieta471525-10.3%$419,000$409,0002.4%
La Quinta311347-10.4%$419,000$384,0009.1%
Bermuda Dunes 3444-22.7%$415,500$341,50021.7%
Wildomar8098-18.4%$407,500$373,5009.1%
Riverside849864-1.7%$400,000$375,0006.7%
Calimesa2937-21.6%$380,000$365,0004.1%
Colton 12-50%$380,000$472,500-19.6%
Romoland 181250%$378,500$368,0002.9%
Rubidoux 504122%$377,500$341,50010.5%
Lake Elsinore186235-20.9%$369,500$355,0004.1%

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