Home Prices Continue Decline In Riverside County: Report

RIVERSIDE, CA — California's median home price reached a record last month while sales picked up steam as well, the California Association of Realtors said Tuesday.

The median price of an existing, single-family home in California was $914,810 in April, up from $889,190 in March.

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Sales totaled 275,580 in April on a seasonally adjusted basis, up 3.9 percent from March and 4.1 percent from April 2025.

CAR said the numbers were fueled by lower mortgage rates early in the month and strong market activity in higher-priced segments.

"April's year-over-year increase in home sales is a welcome sign that buyer demand remains resilient as we move deeper into the spring home buying season," said CAR President Tamara Suminski, a Southern California broker and Realtor. "While elevated mortgage rates and ongoing uncertainty in the Middle East continue to weigh on the market, California buyers and sellers are still finding opportunities, and that speaks to the underlying strength of housing demand."

However, prices declined in Riverside County in April, with the county's median price dropping to $640,000 from $643,740 in March, and from $645,000 in April 2025.

Sales in Riverside County were up 4.2 percent from March, but down 4.8 percent from one year ago.

Statewide, homes priced at or above $2 million experienced the largest sales jump, increasing 8.4 percent from April 2025, CAR said.

"The increase in the median price was driven in large part by the composition of sales, with a greater share of activity occurring in higher- priced segments of the market," CAR Senior Vice President and Chief Economist Jordan Levine said. "Nevertheless, housing affordability remains a significant challenge in California, particularly as the statewide median home price reached a new record high amid tight supply and continued competition in many markets."

The county with the highest median home price in California in April was Mono County at $2.55 million, followed by San Mateo County at $2.3 million. The lowest median price was Lassen County's $285,000, which was 31.9 percent higher than the previous month.