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NW Riverside News

Thursday, November 21, 2024

Riverside County home prices fall in December 2023 compared to December 2022

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In December 2023, the median sale price of a home in Riverside County fell by $164,000 from the same period in the previous year, while total sales decreased by 99.8%, according to BlockShopper.com.

Data shows that there were three homes sold in December 2023, with a median sale price of $371,000 - a 30.7% decrease from the $535,000 median sale price for the same period of the previous year. There were 1,410 homes sold in Riverside County in December 2022.

For context, the median sales tax in Riverside County, based on the latest available data from 2021, was $2,264, which stands at 0.6% of December 2023's median home sale price.

The following histogram displays changes in median sales prices in Riverside County from December 2022 to December 2023.

December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023$535,000$535,000$535,000$535,000$545,500$545,500$550,000$550,000$567,000$567,000$575,000$575,000$586,250$586,250$571,000$571,000$593,500$593,500$584,500$584,500$393,000$393,000$490,000$490,000$371,000$371,000

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