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SW Riverside News

Sunday, November 17, 2024

Riverside home prices rise in July 2020

Re 12

The median sale price of a home sold in July 2020 in Riverside rose by $40,000 while total sales decreased by 42.3%, according to BlockShopper.com.

In July 2020, there were 213 homes sold, with a median sale price of $450,000 - a 9.8% increase over the $410,000 median sale price for the same period of the previous year. There were 369 homes sold in Riverside in July 2019.

The median sales tax in Riverside for the most recent year with available data, 2016, was $2,709, approximately 0.6% of the median home sale price for July 2020.

The following table compares Riverside to other Riverside County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Nuevo 34-25%$480,000$345,00039.1%
La Quinta109110-0.9%$476,000$421,00013.1%
Murrieta168232-27.6%$465,000$439,5005.8%
Sun City 10-$460,000$0-
Canyon Lake322718.5%$452,500$498,000-9.1%
Riverside213369-42.3%$450,000$410,0009.8%
Wildomar2845-37.8%$445,000$420,0006%
Winchester 4051-21.6%$442,500$420,0005.4%
Aguanga 59-44.4%$439,000$340,00029.1%
Homeland 20-$425,000$0-
Rubidoux 1218-33.3%$420,000$431,000-2.6%

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