5 homes in zoned to Terrace Elementary
Homes Zoned to Terrace Elementary
Riverside, CA
About Homes Zoned to Terrace Elementary
About Riverside: Terrace Elementary is located 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.
These are homes for sale inside the attendance boundary for Terrace Elementary in Riverside (Topfind School Score: 3/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 5 active listings.
Terrace Elementary Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.5 months of supply, and the typical home sells in about 29 days. At the same time, sale prices have eased 4% over the last six months, though they remain 6% above a year ago, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$585K
↑ 6% 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
2.5 months of supply
Tight Supply5 active listings against the current sales pace works out to about 2.5 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~29 days.
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete. Homes are moving 68% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 60% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Terrace Elementary Area
Homeownership is near the state average, with a balanced mix of owners and renters.
56%
Homeowners
44%
Renters
Homeownership is 0.5 points higher than the California average (55.5%)
92,368 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $208K in value on average.
Largest increase: 1 → 3 bedrooms (+$270K)
Price Reductions
1 listings have reduced their price
20% of active listings
Average reduction: 1.9% (~$11K)
Terrace Elementary Attendance Zone Market Overview
As an elementary school, Terrace Elementary operates within the Alvord Unified district. Its Topfind School Score is 3. The homes on this page fall inside the school's attendance zone, so students at these addresses are assigned to Terrace Elementary. The Terrace Elementary attendance zone currently shows a median list price of $585,000. That is about 19.9% below the Riverside median. There are 5 homes currently listed for sale in the Terrace Elementary attendance zone. The median price has been flat over the last six months, $610,000 in February and $605,000 in July.
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Nearby Schools
Frequently Asked Questions about Homes near Terrace Elementary
How many homes are for sale in Terrace Elementary Area, CA?
There are currently 5 homes for sale in Terrace Elementary Area, ranging from $284,888 to $769,990.
What is the median home price in Terrace Elementary Area?
The median list price in Terrace Elementary Area is $585,000. Price per square foot averages $440. Prices are up 6.0% compared to a year ago.
How fast do homes sell in Terrace Elementary Area?
Homes in Terrace Elementary Area currently average 29 days on the market, a brisk pace where attractive homes are gone within a month.
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