March 2024 Real Estate Report

Homes For Sale
495 Total
Homes For Sale
Homes added
236 Homes
Added to the Market
Homes For Sale
199 Homes
Sold
Compared to Previous Month
8%
More Homes For Sale
home chart
11%
More Homes Sold
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Last month in March, housing in Riverside, CA ended with 236 homes being added to the market for sale, for a cumulative monthly total of 495 homes for sale - up 8% compared to February. Riverside, CA had a total of 199 homes sold for the month - up 11% from the month prior.

Detached led the way in homes sold with a total of 186 - up 11%, while attached totaled 13 in closed sales - up 8% from the month of February. The number of detached properties sold under 1500 square feet totaled 69 for the month of March, while homes from 1500 to 2000 square feet recorded 43 sales and homes sized from 2000 to 2500 square feet had 28 sales. While homes from 2500 to 3000 square feet square feet recorded 22 homes sold and homes from 3000 to 3500 square feet had 9 sales, while homes in the 3500 to 4000 square feet range totaled 5 homes sold. Homes from 4000 to 4500 square feet had 7 sales and homes from 4500 to 5000 square feet had 3 sales. The following ranges for detached homes all had no sales: over 5500.

The number of attached homes sold under 1500 square feet numbered 11 and attached homes in the square feet range of 1500 to 2000 recorded 2 sales. The following ranges for attached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Riverside, CA?
May:
235 Homes Sold
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The last 12 month period for the city of Riverside, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and August 2023. The months of May 2023, June 2023 and August 2023 had 235 - 231 and 219 homes sold, respectively, as compared to an average of 170 for the other months of the year.

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When do homes sell the fastest in Riverside, CA?
September:
15 Days On Market
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The last 12 month period for the city of Riverside, CA shows that homes sold the fastest during the months of June 2023, September 2023 and October 2023. The months of June 2023, September 2023 and October 2023 had 15 - 15 and 16 days on market, respectively, as compared to an average of 22 for the other months of the year.


Average Price Of Homes Sold In Riverside, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Riverside, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Riverside, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024144177199 - - - - - - - - - 520
20231441742031692352311772191781661521672215
20222382272792392482282282602412061511592704
20212642342522683153623002652643132782643379
20201942372341841802772582282422572462462783
20191881972392642992712962912722502342283029
20182071982692552502633252742402682472173013
20172051832702682752752732612722572532433035
Average Days On Market (DOM) In Riverside, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024292025 - - - - - - - - - 25
202334332728211519161516192522
2022172110910915182524283318
202113148878981315161611
2020313930191728241715129821
201945474837313027242724353434
201834282623212224283334384129
201739373430232324192330292728
Average Days From List To Close Of Escrow In Riverside, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024858379 - - - - - - - - - 82
2023961028979736772666869868579
202286785655565562647174898669
202179756370595761566265646765
202099978378728281767466636078
20199910610896838179798572889689
2018998978796474787996849610085
201710910910493757079767587798787
Number of homes added to the market in Riverside, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024227215236 - - - - - - - - - 678
20231852052272122322592472512451751831372558
20222402112862672763202692542221771581282808
20212231883102773072762982873072612441373115
20202122312321851792072382552912942691802773
20192422212522863112822592812502471791392949
20182462542663143113432792822442541721303095
20172271822892782922752763072552342021322949