Riverside Housing Market Report – May 2026
Here's a look at how the Riverside, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 247
- Median Sale Price: $659,000
- Average Sale Price: $706,247
- Average Price Per Sq Ft: $375
- Average Days on Market: 87
- Sale-to-List Price Ratio: 99.6%
Month-Over-Month Trends
Compared to April, the median sale price in Riverside moved 5.3% up (from $626,000 to $659,000). The number of homes sold was 2.8% down compared to the prior month (254 vs. 247). Average days on market shifted 19.2% up (73 days to 87 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 2.0% down (from $672,500 to $659,000). Sales volume is 3.5% down year-over-year.
What This Means
Riverside's housing market is showing mixed signals heading into summer 2026. While the median price ticked up 5.3% month-over-month to $659,000, that gain looks modest when you consider year-over-year prices are actually down 2.0%. This suggests we're in a seasonal uptick rather than a sustained rally—typical for May as weather improves and more families shop for homes. The real story is in the pace of sales: homes are sitting on the market nearly two weeks longer than last month (87 days versus 73), which signals that despite moderate price gains, buyers are taking their time. With over 900 active listings and a sale-to-list ratio hovering at 99.6%, sellers have minimal negotiating power, and the market appears balanced to slightly buyer-favorable.
The slowdown in volume and extended marketing times likely reflect ongoing interest rate pressures that continue to pinch affordability in Riverside. At $375 per square foot, prices remain relatively accessible compared to coastal California, but monthly payment burdens have clearly affected buyer urgency. Single-family homes dominate sales, which aligns with regional demand, but the broader trend of patience among both buyers and sellers suggests the market will remain steady rather than explosive through summer.
Riverside Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92503 | 60 | $625,000 | $367 | 91 |
| 92508 | 43 | $735,500 | $339 | 62 |
| 92506 | 40 | $717,500 | $420 | 71 |
| 92504 | 39 | $675,000 | $379 | 82 |
| 92507 | 28 | $600,750 | $381 | 80 |
| 92505 | 22 | $650,000 | $354 | 58 |
| 92501 | 12 | $463,000 | $404 | 170 |
| 92509 | 2 | $321,500 | $246 | 130 |
| 92536 | 1 | $285,000 | N/A | 986 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 187 | $685,000 | $396 |
| LAND | 18 | $693,250 | N/A |
| MOBILE | 13 | $169,000 | $140 |
| CONDOS | 12 | $400,000 | $333 |
| TOWNHOMES | 9 | $521,990 | $361 |
| MULTI_FAMILY | 6 | $780,000 | $329 |
| OTHER | 2 | $554,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 8 |
| $200K - $299K | 8 |
| $300K - $399K | 6 |
| $400K - $499K | 20 |
| $500K - $749K | 128 |
| $750K+ | 75 |
Current Active Listings
As of this report, there are 918 active listings in Riverside with a median asking price of $659,000 and an average of 90 days on market.
Thinking About Selling Your Riverside Home?
If you're a homeowner in Riverside considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Riverside and throughout Riverside County — get a no-obligation cash offer today.