Riverside Prices Went Up About 6%, Even Though Fewer Homes Sold

Here’s the number everyone will quote you: Riverside home prices went up about 6% last month, even though fewer homes sold. A typical Riverside home went for about $679,000. If you want to understand Riverside this month, start with one number: the count of homes for sale fell about 17% from a year ago, down to 599. Almost everything else follows from that. When the shelves get emptier and buyers keep showing up, prices go one direction: up.

What the price numbers are really saying

The median is the middle of the market, half of Riverside’s sales came in above about $679,000, half below. That’s up about 6%. The average price was up about 5%, to about $722,000. Sellers are getting 100% of their asking price at the close, and about 99.5% of their original list price, so very few needed a price cut.

Supply is shrinking

Homes for sale fell about 17%, to 599, and new listings fell about 15% too. That’s about 3.2 months of supply. Months of supply is how long it would take to sell everything at the current pace, three to six is balanced. Riverside is technically balanced, but with inventory this tight, sellers still hold the edge.

Demand: fewer homes, fewer sales

Closed sales fell about 19%, to 170 homes, and new deals getting started dropped about a third. Those numbers look alarming at first. But read them in context: when there are fewer homes to buy, you get fewer sales. Smaller shelf, so fewer sales.

How fast homes are moving

Homes are selling in about 20 days on the market. Less to buy, steady demand, and prices going up. That’s the supply picture in Riverside.

The full September scorecard

On the supply side, Riverside brought 225 (down 15.4%) new listings, held 599 (down 17.4%) active listings, and carried 3.2 (down 13.5%) months of supply. On demand, pending sales came in at 141 (down 33.8%), closed sales at 170 (down 18.7%), total closed sides at 346.0 (down 17.2%), and total closed dollar volume at $249,757,522 (down 12.8%). On price, the median came in at $679,450 (up 6.2%), the average at $721,843 (up 5.3%), and price per square foot at $375 (down 0.5%). Homes closed at 100.0% (flat) of last list price and 99.5% (up 0.3%) of original list price. On timing and activity, the median home was 20 (up 5.3%) days active in the MLS, with 8.0 (up 33.3%) showings to contract and 4.0 (flat) showings per listing.

If you’re selling

You’re in the stronger seat. Homes are selling at 100% of asking, and very few sellers needed a price cut. A well-priced home sells on your terms, in about 20 days.

If you’re buying

You’re competing. Homes are going at full ask, so get fully pre-approved first and be ready to act the day the right one lands. Your best negotiating room is with homes that have been sitting.

The bottom line

Riverside has less to buy and prices up about 6%, median about $679,000, 100% of asking, about 20 days on the market, and homes for sale down about 17%. For sellers, momentum is on your side. For buyers, it means being ready to move. Either way, the city average isn’t your answer, your price range and your specific home are. That’s worth a real conversation before you make a move.

Frequently asked questions

What is the median home price in Riverside?

The median sale price for September 2026 closings was about $679,000, up about 6% year over year.

How long are homes taking to sell in Riverside?

The median home spent about 20 days active in the MLS before going under contract, up 5.3% from a year ago.

Are homes in Riverside selling for asking price?

On average, closed homes sold at 100% of last list price and about 99.5% of original list price. The closer that number is to 100%, the less room there was to negotiate below asking.

The Verdict: Riverside Is a Balanced Market

Riverside is a balanced market, leaning toward sellers. At about 3.2 months of supply it sits in the three-to-six-month range, technically balanced. Homes closed at 100% of last list price with the median at about $679,000 (up about 6%), while pending sales at 141 (down 33.8%) show demand cooling. Net-net it’s leaning toward sellers, because inventory is this tight and homes are closing at full asking price.

Data source: RECore MLS / InfoSparks. All figures reflect closed residential transactions for September 2026; percentages are year-over-year changes versus September 2025.