In Riverside, one of Southern California’s largest real estate markets, buyers have their pick of upscale, yet still affordable options. But, last month’s data reveals that in this historic – yet still evolving –  area, prices are beginning to rise again. Homes for sale in Riverside, CA remain more affordable than their coastal counterparts, and even more reasonable than many properties in Los Angeles suburbs. So is the rise enough to warrant worry among potential buyers?  Take a look at the figures.

At the close of August, there were 1,287 homes on the market in Riverside. Their median price was $218,000; this is a 1.4% increase from July. Considering that this price includes resale homes, some of which may be the historic homes Riverside, CA is known for, this median (the number that separates the highest end of the price range from the lowest end of the price range) is not too shabby, indeed!

Of course, if a brand new home is what you’re hoping for, Riverside has a small inventory of those as well. The median price of these homes – around $530,880 – shouldn’t scare the truly serious buyer! Why not? It likely reflects the size and grandeur of these new homes, in addition to the prestige of the areas they’re located in. And, there’s even better news: The median price of new homes in Riverside did not rise month-over-month from July to August. Market conditions in Riverside are one example of how looking for the hidden gems in any market can pay off for the right buyers.