Riverside, CA Foreclosures
How much do homes sell for in Riverside, CA?
The average home price is currently $716,288.
In Riverside, CA, how many homes are available?
There are currently 178 active home listings available in Riverside.
What’s the average rental cost in Riverside, CA?
The average rental price in Riverside is $1,948.
What is the most expensive home in Riverside?
The most expensive home sold in Riverside had a price of $243,305,184.
What is currently the cheapest priced home in Riverside, CA?
The cheapest home for sale in Riverside is priced at $13,509.
Living in Riverside, CA
Riverside, CA, is a dynamic city that perfectly balances urban life and suburban charm. With its historic sites, cultural events, and numerous parks, residents enjoy a high-quality lifestyle in a community-oriented environment. The area is family-friendly, with various educational institutions and outdoor activities, catering to diverse interests.
Current Market Conditions in Riverside, CA
Riverside has experienced a steady increase in real estate prices over the past year, driven by rising demand and limited inventory. The median home price is now approximately $500,000, reflecting a healthy market with competition among buyers. Many families are attracted to the area for its schools, parks, and strong sense of community, contributing to the ongoing growth of home sales.
In the current market, homes are selling faster than in previous years, with many listings receiving multiple offers. The low mortgage interest rates have further encouraged buyers to enter the market. Investors are also showing interest in Riverside due to its potential for appreciation and rental income, especially in emerging neighborhoods.
Home Value Estimator For Riverside, CA
There are currently 105,420 real estate properties
in Riverside, CA,
with a median automated valuation model (AVM) price
of $619,656.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Riverside, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Riverside, CA,
is $716,288.00, with the most expensive house
in Riverside, CA, topping out
at $243,305,184.00 and the cheapest home
in Riverside, CA,
clocking in at $13,509.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Riverside, CA!
Rent Prices
In Riverside, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Riverside, CA, is on
a rollercoaster ride. The
average rent price in Riverside, CA,
is $1,948.00. Indeed, when looking to rent in
Riverside, CA, you can expect to pay as little
as $680.00 or as much
as $5,700.00,
with the average rent median estimated to
be $1,850.00. The good news is that finding
an affordable and desirable property to rent in Riverside, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
