What is average home price in Riverside, CA?
Currently, the median price of a Riverside home is around $630,000, overall median home value is on the rise; in fact, the median listing price in Riverside rose 20% from last year. As with many areas of Southern California, the Riverside housing market boomed alongside surging demand and shrinking supply in the wake of Covid-19, creating a highly competitive seller’s market.
What are the best neighborhoods in Riverside?
For those looking for a family-friendly neighborhood with access to top-rated schools, Canyon Crest is a great option. This culturally diverse neighborhood is also home to various public parks and outdoor recreation areas. Another up-and-coming neighborhood well suited for families is Orangecrest, a friendly community that boasts top schools, community centers, and shopping areas nearby. For those looking for a bustling city-center experience, Downtown Riverside offers a blend of history and culture thanks to a wide variety of museums, restaurants, and historic buildings. Other highly rated Riverside neighborhoods include La Sierra and Wood Streets.
When is the best time to sell a home in Riverside?
If you are looking to maximize profit, the best time to sell your Riverside home is in September, when properties are most likely to sell above asking price. In fact, according to Redfin, close to 75% of Riverside homes sold above list price in the last year. However, if you are looking for a quick sale, August is your best bet. According to recent housing market trends, the average time on market is around 15 days, though this number has declined considerably as the Southern California real estate market ramps up in competition.