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Riverside

Why you'd want to live in Riverside

Founded in 1870 by John North and a group of Easterners who wished to establish a colony dedicated to furthering education and culture, Riverside was built on land that was once a Spanish rancho. Investors from England and Canada transplanted traditions and activities adopted by prosperous citizens: the first golf course and polo field in Southern California were built in Riverside. The first orange trees were planted in 1871, but the citrus industry in Riverside began two years later when Eliza Tibbets received two Brazilian navel orange trees sent to her by a friend at the Department of Agriculture in Washington. The trees thrived in the Southern California climate and the navel orange industry grew rapidly. Citrus State ParkWithin a few years, the successful cultivation of the newly discovered navel orange led to a California Gold Rush of a different kind: the establishment of the citrus industry, which is commemorated in the landscapes and exhibits of the California Citrus State Historic Park and the restored packing houses in the Downtown's Marketplace district. By 1882, there were more more than half a million citrus trees in California, almost half of which were in Riverside. The development of refrigerated railroad cars and innovative irrigation systems established Riverside as the wealthiest city per capita by 1895. As the city prospered, a small guest hotel designed in the popular Mission Revival style grew to become the world famous Mission Inn, favored by presidents, royalty and movie stars. Postcards of lush orange groves, swimming pools. and magnificent homes have attracted vacationers and entrepreneurs throughout the years. Many relocated to the warm, dry climate for reasons of health and to escape Eastern winters. Victoria Avenue with its landmark homes serves as a reminder of European investors who settled here. via riversideca.gov

Riverside Market Report

$770,947

AVERAGE PRICE OF 948 HOMES

$509,337

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,126,036

AVERAGE PRICE OF 131 MULTI-MILLION DOLLAR HOMES

$810,429

AVERAGE PRICE OF 58 NEWLY BUILT HOMES

$835,090

AVERAGE PRICE OF 179 HOMES WITH A POOL

$576,418

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $770,947
Avg Bedrooms 2.81 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $333,360
2 bedrooms $352,374
3 bedrooms $556,421
4 bedrooms $776,384
5 bedrooms $934,385
Riverside Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings n/a 969 1,035 1,065 1,070
Average Price n/a $758,132 $757,813 $768,923 $765,276
Avg Price Change n/a +0.04% -1.47% +0.48% n/a
Median Price n/a $600,202 $600,603 $607,002 $622,000
Med Price Change n/a -0.07% -1.07% -2.47% n/a
Avg Bedrooms n/a 2.85 beds 2.91 beds 2.96 beds 3.01 beds
Avg Bathrooms n/a 2.03 baths 2.05 baths 2.09 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arlington 27 $699,547 58 days
Martin Luther King 37 $760,700 77 days
North 22 $643,833 91 days
Polytechnic 40 $1,044,006 65 days
Ramona 33 $569,348 63 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 948 $770,947 90 days
Distressed Homes 8 $509,337 135 days
Multi-Million Dollar Homes 131 $2,126,036 117 days
Newly Built Homes 58 $810,429 85 days
Homes with a Pool 179 $835,090 65 days
Reduced Price Homes 21 $576,418 48 days
Westcoe Realtors Inc - Wells Real Estate Group
Kedric Wells
7191 Magnolia Ave
Riverside, CA 92504
951-334-1705
DRE# 01210019

Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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