Riverside, CA 92509 Real Estate Market Report

ZIP Code: 92509
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Riverside, CA are 6.52%, which is 0.65% higher than the 5.87% market average observed during the February 2026 period.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price: $625,000 — Using median sold price as the primary indicator, recent transactions point to a market value near $625,000; this level, combined with a median days on market: 240, suggests slower sales velocity and that closing activity is taking longer than typical seasonal norms.

2. median listing price: $772,500 — There is a noticeable gap between median listing price and median sold price, which may indicate pricing friction where seller expectations exceed recent transaction levels; with the market described as cold, sellers should consider price realism to improve bid activity.

3. median price per square foot: $392 and median market rent: $2,800 — Price-per-square-foot at $392 alongside rising rents (rent year-over-year trend: up) suggests rental demand remains supportive; investors and owners evaluating hold vs. sell decisions should weigh stronger rent momentum against moderate interest rate pressure.

4. Current 30-year fixed mortgage rates in Riverside, CA are 6.52%, which is 0.65% higher than the 5.87% market average — Elevated financing costs combined with a down price year-over-year trend and a cold market temperature imply buyers are price-sensitive; given the sample shows relatively constrained active supply, expect continued negotiation leverage for buyers on homes priced above recent sold comps.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Riverside, CA 92509 Real Estate Market Report

ZIP Code: 92509
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Riverside, CA are 6.52%, which is 0.65% higher than the 5.87% market average observed during the February 2026 period.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price 561,000 confirms recent transaction-level market value and, combined with the price year-over-year trend down, suggests softening in realized sale prices relative to prior periods.

2. The median days on market 253 points to slower sales velocity and greater pricing friction than a typical quick-turn market; this elevated time-to-contract cold market may give buyers more negotiation leverage while extending holding periods for sellers.

3. Sampled supply appears as relatively constrained active supply in the analyzed sample, which may indicate limited immediate replacement inventory and could support price stability in localized pockets despite broader downward pressure — monitor for localized listing clusters rather than broad-market tightness moderate.

4. The median market rent 1,700 coupled with a rent year-over-year trend up signals resilient rental demand, while interest rate conditions (current 30-year fixed at 6.52%, which is 0.65% higher than the 5.87% market average) reflect moderate rate pressure that may temper buyer activity until rates moderate further.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.