Home Values Top $530K in Riverside County’s Real Estate Market

Photo by Matthew LeJune on Unsplash

Sellers rejoice! Buyers — maybe not so much. According to Realtor.com, home values in Riverside County have increased a whopping 18.8% since July of 2020, and are selling for an average of 1.43% over asking price. On average, homes are selling after just 48 days on the market, and the Sellers Market we are experiencing in southern California is not expected to change anytime soon.

There were about 10,500 homes for sale in Riverside County in July. Rancho Mirage topped the July 2021 Realtor.com Median Listing Price report at $765,000, while Desert Hot Springs brings in the lowest listing price at $348,500.

COMMUNITY: MEDIAN LISTING PRICE

Beaumont: $465.3K

Canyon Lake: $649K

Cathedral City: $434.9K

Chiriaco Summit: $449.9K

Corona: $650K

Desert Hot Springs: $348.5K

French Valley: $599K

Hemet: $375K

Indio: $475K

Jurupa Valley: $550K

La Quinta: $675K

Lake Elsinore: $524K

Menifee: $499.9K

Moreno Valley: 465K

Murrieta: $600K

Norco: $749K

Nuevo: $510K

Palm Desert: $494.9K

Palm Springs: $619K

Perris: $459.9K

Rancho Mirage: $765K

Riverside: $551K

Sage: $412.5K

San Jacinto: $401.8K

Sun City: $365K

Temecula: $693.9K

Wildomar: $582.5K

Winchester: $572.5K

Hosking Appraisal Group provides home valuation services throughout Riverside County and southern California’s greater Inland Empire. To schedule an appointment or for more information, call us at 951.294.1955

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