Riverside, CA 92509 Real Estate Market Report

ZIP Code: 92509
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Riverside, CA (ZIP: 92509) is characterized by a median sold price of $623,500, reflecting a slight cooling trend in home prices. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. Despite this decline in sold prices, the median listing price stands at $717,277, suggesting a notable pricing friction between seller expectations and actual transaction values.

Market activity appears to be stabilizing, with 228 median days on market indicating slower sales velocity. The current inventory levels are elevated, contributing to a balanced buyer-seller dynamic. While there is elevated interest rate pressure, rental demand remains strong, with median market rent rising to $2,376, indicating ongoing interest in rental properties despite the overall cooling in home sales.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. Median sold price is $623,500, reflecting a decrease of 8% since 2022.

2. Median listing price is $717,277, indicating potential pricing friction between sellers and buyers.

3. Median days on market is 228, suggesting a slower sales velocity in the market.

4. The market temperature is neutral, indicating a balanced buyer-seller dynamic.

5. Median market rent has increased to $2,376, reflecting strong rental demand.

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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.