18 homes in zoned to Magnolia Elementary
Homes Zoned to Magnolia Elementary
Riverside, CA
About Homes Zoned to Magnolia Elementary
About Riverside: Magnolia 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 Magnolia Elementary in Riverside (Topfind School Score: 8/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 18 active listings.
Magnolia Elementary Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.3 months of supply, yet sale prices have eased 18% over the last six months and are 10% below a year ago, and 56% 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
$675K
↓ 10% 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
2.3 months of supply
Tight Supply18 active listings against the current sales pace works out to about 2.3 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 ~52 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 41% 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 56% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Magnolia 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 increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $115K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$178K)
Price Reductions
10 listings have reduced their price
56% of active listings
Average reduction: 5.5% (~$37K)
Magnolia Elementary Attendance Zone Market Overview
Magnolia Elementary serves students at the elementary level within the Riverside Unified district. It earns a Topfind School Score of 8. This page is limited to homes zoned to Magnolia Elementary, based on its mapped attendance boundary. The median list price in the Magnolia Elementary attendance zone is $675,000. That is about 7.5% below the Riverside median. Current inventory stands at 18 active listings. February to July saw the median price go from $685,000 to $644,500, down about 5.9%.
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Nearby Schools
Frequently Asked Questions about Homes near Magnolia Elementary
How many homes are for sale in Magnolia Elementary Area, CA?
There are currently 18 homes for sale in Magnolia Elementary Area, ranging from $409,900 to $875,000. 1 of them hit the market within the last week.
What is the median home price in Magnolia Elementary Area?
The median list price in Magnolia Elementary Area is $675,000. Price per square foot averages $474. Prices are down 9.9% compared to a year ago.
How fast do homes sell in Magnolia Elementary Area?
Homes in Magnolia Elementary Area currently average 52 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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