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Thursday, October 31, 2024

Home valuation prices increased in Riverside County in February 2024, compared to February 2023

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In February, the median sale price of a home in Riverside County rose by $54,500 from the same period in the previous year, while total sales decreased by 98%, according to BlockShopper.com.

Data shows that there were 29 homes sold in February, with a median sale price of $600,000 - a 10% increase over the $545,500 median sale price for the same period of the previous year. There were 1,438 homes sold in Riverside County in February 2023.

For context, the median sales tax in Riverside County, based on the latest available data from 2021, was $2,264, which stands at 0.4% of February's median home sale price.

The following histogram displays changes in median sales prices in Riverside County from February 2023 to February 2024.

February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024$545,500$545,500$550,000$550,000$567,000$567,000$575,000$575,000$586,250$586,250$571,000$571,000$593,500$593,500$584,500$584,500$393,000$393,000$490,000$490,000$371,000$371,000$570,000$570,000$600,000$600,000

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