Riverside Market Report (SDMLS computed) for June 2025: Benchmark Price Dips to $649,000 Amidst Reduced Sales Activity

Riverside Market Report (SDMLS computed) — June 2025

Riverside's housing market experienced a notable shift in June 2025, with the Composite Benchmark Price settling at $649,000. Total sales activity saw a significant decline, recording 81 transactions for the month, a sharp decrease from May's 228 sales. The market is currently characterized as balanced.

Market Analysis

The Riverside housing market showed signs of cooling in June 2025, as figures compiled from MLS data by this publication indicate a Composite Benchmark Price of $649,000. This represents a decrease from the $660,000 recorded in May 2025. The overall market condition is described as balanced, suggesting neither buyers nor sellers hold a significant advantage.

Total sales volume experienced a substantial contraction, with only 81 transactions completed in June, a sharp decline from the 228 sales reported in May. This reduction in sales activity, coupled with a reported 0 new listings for the month, points to a potential tightening of available inventory. The significant drop in sales volume suggests a decrease in buyer demand or a reluctance from sellers to list properties.

Property Type Analysis

Detached homes continued to command the highest prices in June, with a benchmark price of $670,000, accounting for the majority of sales at 68 units. The Attached/Townhouse segment recorded a benchmark price of $547,000 with 9 sales. Apartments saw a benchmark price of $537,500, with only 2 units sold during the month. This distribution highlights the continued preference and higher value placed on detached properties within the Riverside market.

Regional Highlights

The regional market in Riverside reflects a period of adjustment, as evidenced by the decreased benchmark price and significantly lower sales volume compared to the previous month. The balanced market condition suggests a period of stabilization after previous fluctuations. The low number of new listings (0) could indicate a cautious approach from potential sellers, contributing to the overall reduction in market activity across the region.

For Buyers

With the market described as balanced and a slight dip in the Composite Benchmark Price, buyers in June 2025 may find opportunities to negotiate. The reduced sales volume suggests less competition, potentially allowing for more thoughtful decision-making. Buyers should work closely with their agents to identify properties that align with their needs and leverage the current market conditions.

For Sellers

Sellers in the current balanced market should focus on strategic pricing and presentation to attract buyers. The significant drop in sales volume indicates a more discerning buyer pool. With 0 new listings reported, well-priced and well-maintained properties could still stand out. Understanding the benchmark prices for specific property types, such as $670,000 for detached homes, is crucial for setting competitive asking prices.