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
Hosking Appraisal Group, Inc. 