Riverside Real Estate Market Update December 2018

Real Estate In Riverside is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.12 months supply of inventory on the market in Riverside on December 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Riverside last month was 32 days.
The number of home sales in Riverside from November 1, 2018 through November 30, 2018 was 7 units. That is 1% above the number of homes sold last month in Riverside.

The average price per square foot in the area is now $134/Sq.Ft, which is 5% a decline from last month.

In Riverside there were 2 units sold in November in the price range between $159,500 – $244,893 with an average of 3 bedrooms and 2 bathrooms and average Square footage of 1,330SF.

In Riverside there were 3 units sold in November in the price range between $244,894 – $425,142 with an average of 2.7 bedrooms and 1.4 bathrooms and average Square footage of 1,404SF.

In Riverside there were 2 units sold in November in the price range between $425,143 – $520,000 with an average of 3.5 bedrooms and 1.7 bathrooms and average Square footage of 2,041SF.

The middle price range had the most activity. Homes up to $425,142 were on the market on average 15 days and sold an average of $328,166.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Riverside. Search all Riverside homes for Sale on propertyup.com If you are considering viewing Riverside, you may want to do so now!

Riverside

Oct 1, 2018 – Oct 31, 2018

Nov 1, 2018 – Nov 30, 2018

Month

October

November

Average Listing Price

$531,777

$546,362

Median Sales Price

$340,136

$330,285

Month supply of inventory

5.8

5.1

Market Time Detached

56 days

32 days

Market Time Attached

41 days

0 days

Inventory

69 properties

64 properties

Low price range

$115,000 – $227,568

$159,500 – $244,893

Low price range market time

42 days

60 days

Low price range units sold

0

2

Low price range bedrooms

2.5

3

Low price range bathrooms

1.3

2

Low price range approx sqft

1,492 SF

1,330 SF

Mid price range

$227,569 – $636,317

$244,894 – $425,142

Mid price range market time

59 days

15 days

Mid price range units sold

6

3

Mid price range bedrooms

3

2.7

Mid price range bathrooms

2.4

1.4

Mid price range approx sqft

2,019 SF

1,404 SF

High price range

$636,318 – $932,500

$425,143 – $520,000

High price range market time

35 days

32 days

High price range units sold

1

2

High price range bedrooms

4

3.5

High price range bathrooms

4.1

1.7

High price range approxsqft

3,593 SF

2,041 SF

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