Riverside County Housing Market
Riverside County’s housing market continues to show mixed signals in August 2025. On paper, it looks like a seller’s market, but on the ground, buyers are finding more negotiating power than they may realize. Let’s break down the numbers and what they mean for both buyers and sellers.
Market Overview
As of August 2025, Riverside County’s median sold price sits at $605,000, while the median list price for active listings is $639,000. Homes are selling at about 98.9% of their list price after an average of 37 days on market. Inventory is still relatively tight at 3.6 months of supply, which technically classifies as a seller’s market.
However, the story shifts when you look at buyer leverage. Properties priced competitively—especially under $600,000—are moving quickly. Homes sitting longer often require sellers to offer credits, concessions, or incentives to attract buyers.
Buyer Advantage in Today’s Market
Despite higher interest rates hovering around 6%, buyers have tools to make homeownership more affordable. One of the most effective strategies right now is negotiating closing cost credits from sellers. These credits can be applied toward buying down your interest rate, lowering your monthly payment, or covering upfront costs.
For example, a recent VA buyer I helped secured $25,000 in seller credits, allowing them to purchase their home with minimal out-of-pocket costs. First-time buyers and those using down payment assistance programs can take advantage of similar opportunities, making now an ideal time to get into the market.
What Sellers Should Know
Sellers may not get top-dollar offers unless their property is fully turnkey. With more buyers focusing on affordability, it’s critical to price realistically and consider offering concessions. In many cases, providing closing cost credits is more effective than cutting the list price.
Looking Ahead
Year-over-year, Riverside County home values are still holding steady, showing modest growth despite recent dips. With rates trending slightly downward, more buyers are expected to re-enter the market, creating opportunities for both sides of the transaction.
If you’re considering buying or selling, now is the time to strategize. Buyers can leverage incentives to minimize upfront costs, while sellers can attract motivated buyers by offering flexible terms.
📲 Ready to make your move in Riverside County? Contact me, Toma Johnson, your friendly neighborhood REALTOR®, at (951) 215-6425 or visit tomajohnsonrealtor.com to start the conversation today.
