Riverside Homes for Sale Under $400,000

What does Riverside offer under $400,000? Start with the current listings and the public sales data on this page. Census figures for 2020 to 2024 place 16% of Riverside owner homes under $400,000.

Where the Lower Prices Are

For a lower entry price, compare University of Riverside ($560,000 median, 27 sales, 36 days on market), Riverside Airport ($585,000 median, 9 sales, 44 days on market), Wood Streets ($605,000 median, 16 sales, 42 days on market) and North Riverside ($610,000 median, 89 sales, 40 days on market) in the Redfin data. With every one above $400,000, expect smaller condos, co-ops or manufactured homes in this search.

By ZIP Code

For ZIP 92507, ACS lists a 1983 median year built, 37% owner occupancy and a median value of $537,000.

Pace and Supply

The median condo sale took 47 days to go under contract. About 45 condos and co-ops were for sale in Riverside at the end of September. Condos and co-ops closed at about 97.8% of list price on average. The quarter brought 568 new Riverside listings.

Price Points

The condo median in Riverside was $390,000 across 36 closings. The townhouse median in Riverside was $547,000 across 19 closings. Condo and co-op units averaged out to a $356 per square foot median.

The Local Housing Mix

Manufactured and mobile homes make up 3% of the Riverside count. Locally, 23% of units sit in buildings with five or more units. Pre-1960 construction accounts for 27% of Riverside units in ACS data.

HOA and FHA Basics

FHA loans on condos need a project the program accepts. For a manufactured home, ask about space rent and park rules. Ask how many units in the building are rented. General information only, not legal, lending or tax advice.

Planning to sell too? Request a free home value for your current home.

See also: Riverside homes for sale, Riverside homes $1 million and up.

Sources: U.S. Census ACS 2020-2024 5-year estimates and Redfin, a national real estate brokerage (Jul-Sep 2026).

Jay Romero, Broker, DRE 01343079 | Miamar Realty | Call (949) 822-8702

Miamar Realty | Corporate DRE #02192235 | 14241 Firestone Blvd #400, La Mirada, CA 90638 | Equal Housing Opportunity.

Keep Exploring

• Sell Your Riverside Home With Jay Romero
• Riverside County city guides