Is Riverside, CA 92506 a buyer’s or seller’s market?

The Riverside housing market right now

In the three months ending August 31, 2026, 34% of homes in Riverside, CA 92506 sold above their list price, the typical home went under contract in 41 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 143 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (49 days then) and the median sale price held steady to $714,691. Overall, Riverside is more competitive than a year ago, so tougher for buyers.

Within Riverside County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more often over asking than in 62%. On our competition score, Riverside ranks #497 of 1,069 CA ZIP codes with enough sales (score 65 out of 100).

Nearby, buyers who want less competition could look at North Palm Springs 92258 (0% sold over asking) or Cabazon 92230 (0% sold over asking), while Moreno Valley 92553 (55% sold over asking) and Riverside 92504 (53% sold over asking) are even more competitive.