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Homes for Sale in Magnolia Center, Riverside
About Magnolia Center, Riverside
About Riverside: Magnolia Center is a neighborhood in Riverside. Riverside is a city in and the county seat of Riverside County, California, United States. It is named for its location beside the Santa Ana River in Southern California. It is the most populous city in the Inland Empire and Riverside County, 12th-most populous city in California, and 62nd-most populous city in the U.S. with a population of 314,998 at the 2020 census. The Riverside–San Bernardino metropolitan area at 4.74 million residents is the 12th-largest metropolitan area in the nation. Riverside is about 50 miles (80 km) east of downtown Los Angeles and is also part of the Greater Los Angeles area.
Magnolia Center is a sought-after neighborhood in Riverside, CA. Browse available listings to find your perfect home in this neighborhood.
Riverside Market Report
Riverside Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.3 months, roughly in step with demand, yet 41% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$729K
↑ 5% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.3 months of supply
Balanced Supply547 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~48 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 29% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 53% of current listings are under 30 days old, while the rest have been up longer.
Affordability Snapshot
Typical home cost
$4,961/mo
Actual housing expense
Affordable budget (28%)
$2,067/mo
Based on median income
Median household income
$7,381/mo
Riverside
A typical home costs about 67% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$213K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $201K in value on average.
Largest increase: 3 → 4 bedrooms (+$248K)
Price Reductions
227 listings have reduced their price
41% of active listings
Average reduction: 4.9% (~$36K)
Nearby Neighborhoods in Riverside
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