$5,284 Closing Credit*
$445,000
900 SqFt
2 Beds
•2 Full Baths
Rosemary Tom, Listing Office: Anomaly Real Estate
Is Downtown Riverside, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Downtown Riverside was a Seller's Market.
Key Takeaway
Downtown Riverside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Downtown Riverside, CA
How much do homes in Downtown Riverside, CA cost?
Median Sold Price
$577,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$3,000(-0.5%)
Key Takeaway
Homes in Downtown Riverside have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Downtown Riverside was $577,000 in December 2024, down 0.5% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $404.5K | N/A |
| 2 Bedrooms | $435K | $527.9K | +21.4% |
| 3 Bedrooms | $575K | $575K | 0.0% |
| 4 Bedrooms | $605.7K | $796K | +31.4% |
| 5+ Bedrooms | $710K | $680K | -4.2% |
Summary: Downtown Riverside housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Northside | $532.4K | $609.9K | +14.6% |
| Grand | $600K | $615K | +2.5% |
| Wood Streets | $597.5K | $610K | +2.1% |
| Downtown Riverside | $580K | $577K | -0.5% |
Housing Supply in Downtown Riverside, CA
How many homes are available in Downtown Riverside, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Downtown Riverside real estate market had 24 homes for sale in December 2024, a 4.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Downtown Riverside housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Riverside, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Downtown Riverside in December 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Downtown Riverside, CA
How long does it take to sell a home in Downtown Riverside, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 74 Days | +170.7% |
Summary: Homes in Downtown Riverside had an average of 74 days on market in Dec 2024, up by 170.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Downtown Riverside are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 4 homes were sold in Downtown Riverside; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.