Average Real Estate Commission in Riverside, CA: 2024 Data

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By Jon Stubbs Updated March 1, 2024

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How commission works | Commission calculator | Best ways to save | Methodology

📊 The data:


Our December 2023 survey of local agents found that the average real estate commission in Riverside is 4.20%, which is less than the national average of 5.49%. Calculate your estimated commission in California.

The average total real estate agent commission rate in Riverside is 4.20% of the final sale price. Based on the latest median home sale price in Riverside ($563,468), that translates to a total cost of roughly $23,666.

Home sellers typically cover the total commission fee from their sale proceeds, which is split between the listing and buyer’s agents who handle the sale. In Riverside, the average listing agent fee is 2.40%, while the average buyer’s agent fee is 1.80%.

Real estate agent commissions make up a significant portion of the closing costs for Riverside home sellers. But you don't have to pay the full 4.20% to a traditional agent. If you're selling a home in Riverside, you can use a discount broker to save on realtor fees. In fact, depending on your situation and the agents you work with, you could save 33% on realtor fees, or about $7,889 on average.

Find top agents and save: Answer these five simple questions to get matched with the best local agents offering reduced commission rates. Compare agents from top brokerages like Keller Williams and RE/MAX, and get a discounted rate through Clever’s partner network.

How real estate commission works in Riverside

Average listing commission 2.40%
Average buyer's agent commission 1.80%
Total average commission 4.20%
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There are usually two real estate agents involved in the real estate transactions of a home sale:

  • The seller's agent (also called the listing agent), who represents the home seller
  • The buyer's agent, who represents the person buying the home

Based on our research, the average real estate commission paid in Riverside for listing agents is 2.40% of the final home price and 1.80% for buyer's agents, for a total of 4.20%.

» LEARN: How do real estate broker commissions work?

Real estate commission calculator for Riverside

Use this commission calculator to estimate how much you'll pay in realtor fees when you sell your home in Riverside. Enter an estimate of your home's sale price, and see how much you'll pay at different commission rates.

If you want to decrease your realtor fees, Clever can connect you with a top local listing agent who charges just 1.5%. This will allow you to retain more money from the sale for yourself.

» SAVE: Sell with Clever for 1.5% listing fees and save thousands in commission!

Who pays realtor fees in Riverside?

In California, when you sell your home, the commission fees for the buyer's and seller's real estate agents come directly from the final sale price. There's no need to worry about paying these fees upfront.

The seller's agent justifies their commission through services such as conducting market analysis and managing the closing process. Meanwhile, the buyer's agent earns their keep by finding a qualified buyer who agrees to the contract terms and completes the purchase on schedule.

Rest assured, these commissions won't be an out-of-pocket expense for you. Similar to closing costs, the real estate agent commissions are simply subtracted from the proceeds of the sale once the transaction finalizes.

Why do sellers pay the buyer's real estate agent commission?

Paying the buyer's agent commission can significantly boost interest in your property. By handling this expense, you make your home a more attractive option for buyers, who might otherwise struggle to cover their agent's commission on top of the down payment and closing costs. For many buyers, these additional costs can be prohibitive.

Offer a competitive rate to cover the buyer's agent fee, and you'll find that real estate agents have a stronger incentive to bring clients to your doorstep. This strategy can lead to a flurry of offers. Industry insiders suggest setting the buyer's agent commission around 0.5% below the local norm, which currently stands at 1.80% in California.

Will the NAR lawsuit change how real estate commission works?

On March 15, 2024, the National Association of Realtors agreed to pay $418 million in damages to settle a real estate commission lawsuit the industry group lost in November 2023. 

While the full impact of the settlement is yet to be determined, experts believe that the change will eventually lead to lower buyer's agent commissions and give buyers the ability to negotiate those commissions based on the services they need. 

The terms of the settlement are scheduled to take effect in mid-July 2024. But, the settlement hasn't been officially approved yet, and it could be delayed or changed by objections. We'll continue to monitor the status of the settlement and the effects it has on the real estate industry.

» READ MORE:

How to save on realtor fees in Riverside

Commission rates are not set in stone. In fact, we found that while 2.40% is the average listing commission in Riverside, rates typically fall between 2.00% and 3.00%. You can save money by negotiating a lower rate with your listing agent or by working with a discount real estate brokerage.

Listing commission range 2.00%– 3.00%
Buyer's agent commission 1.00%– 2.50%
Total commission range 3.00%– 5.50%
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» LEARN: What's the commission on a $1 million home?

Can I negotiate realtor commission in Riverside?

Real estate commission is always negotiable. In California, the 58 agents we surveyed said these were their most common reasons for agreeing to lower their commission.

Would you lower your commission for…? Agents who answered yes
Homeowners who are repeat clients 66%
Homeowners who also plan to buy with you 66%
Homeowners with more than one property to sell 64%
Seller’s situation (e.g. divorce or death in the family) 50%
Higher property values 43%
High competition for clients 41%
Homes expected to sell quickly 36%
High buyer demand in the area 29%
Periods of low housing inventory 22%
Houses in excellent condition 19%
Highly experienced home sellers 15%
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Negotiating realtor fees in Riverside depends on two main factors: your situation and the housing market.

Factor You may have an easier time negotiating low rates if...
Your situation
  • You're selling a high-value home
  • You have a personal relationship with a realtor
  • You can offer a realtor repeat business
The Riverside housing market
  • Homes are selling quickly
  • There are relatively few homes listed for sale
  • Home values are rising
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Your unique situation may vary, but the real estate dynamics in Riverside affect every seller in the region.

In a seller's market, where you hold more power, listing agents often find homes sell more quickly and might be more open to cutting their commission rates. Conversely, in a buyer's market, agents are less likely to budge on their fees.

Not comfortable negotiating with a realtor? Avoid the awkward conversation and let Clever pre-negotiate a lower rate with a top agent for you.

To evaluate your local real estate market, look at these three factors:

  • Inventory Months  
  • Sales Price to List Price Ratio
  • Home Value Trends

If the signs point to Riverside being a strong seller's market, you could have the upper hand in negotiating a lower commission. On the flip side, if the market leans towards buyers, convincing an agent to go lower on their fee might be a challenge.

The current state of the Riverside real estate market

Factor Trends Indication
Months of inventory There's 1.66 months of housing inventory on the market Seller's market
Sale-to-list ratio Homes are selling for 92.17% of their listing price Buyer's market
Home values Home values have risen 19.50% year over year Buyer's market
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» LEARN: See state-by-state average commission rates. How does your state compare?

Low commission real estate companies in Riverside 

Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.

Discount real estate brokers typically offer full-service support for a reduced commission percentage or flat rate. How they create those discounts will depend on the company's model, with some creating more risks and trade-offs than others.

Best for most sellers

Clever Real Estate

Learn more
4.9
Excellent

Listing Fee

1.5% ($3,000 min.)

Customer Rating

5.0 (2,627)

Availability

Nationwide

Overview

Pricing

Reviews

Contact

Overview: For Riverside, CA homeowners aiming to cut down on commission costs without sacrificing quality real estate services, Clever stands out as our top pick.

✅ Benefits and features: Benefit from a substantial discount on realtor fees—up to 50% savings compared to traditional, non-discount agents. Plus, take advantage of Clever's acclaimed, no-commitment realtor matching service, which is offered at no extra charge.

🏠 How it works: Clever links you with premier local agents from renowned brokerages like RE/MAX and Compass. You have the liberty to evaluate your choices and select an agent that meets your needs, all while enjoying a special listing fee of just 1.5%—matching Redfin's rate, irrespective of the agent you choose.

Pros

  • Engage with a full-service agent from a distinguished brokerage, avoiding the constraints often associated with discount agents.
  • Reap the benefits of considerable fee reductions, with agents willing to slash their usual rates by up to 50% when partnering through Clever.
  • Choose from a broad array of top-tier Riverside agents, offering the most extensive selection available.

Cons

  • There's no assurance that you'll be able to partner with a particular agent or brokerage you may prefer.
  • Additional services such as professional staging, drone photography, and 3D tours might incur extra charges (agents will detail what's included during their listing presentation).

Fee structure

  • 1.5% listing fee ($3,000 minimum) at closing
  • 2–3% buyer’s agent commission at closing
Weighted avg. 5.0 2,627
Trustpilot 5.0 2,402
Google 4.8 225

Website: listwithclever.com
Phone: 1-833-225-3837
Hours: 8 a.m.–8 p.m. EST, 7 days a week
Address: 6358 Delmar Blvd, Suite 300, Saint Louis, MO 63130

Redfin Riverside

Learn more
4.7
Very Good

Listing Fee

1.5% ($8,000 min.)

Customer Rating

N/A*

Availability

Multi-state

Overview

Pricing

Reviews

Contact

Overview: For property sellers in Riverside seeking a balance between cost savings and quality service within the discount brokerage market, Redfin is a compelling choice.

✅ Benefits and features: Redfin offers a competitive edge with their 1.5% listing fee, which is lower than the traditional industry rates. An appealing incentive is the chance to save an additional 0.5% on listing fees if you both buy and sell with Redfin within a 12-month period. Their established reputation ensures access to a broader network of discount realtors than many smaller, local competitors.

🚩 Potential red flags:  Redfin's innovative, tech-centric approach combines remote services with a team-based strategy, which may not resonate with those who prefer a traditional, individualized realtor partnership. In Riverside, Redfin imposes a minimum fee of $8,000. This means if your home's value is under $530,000, you will end up paying more than the standard 1.5% rate.

Pros

  • Notable savings on listing fees
  • Reputable brand with a solid selection of agents
  • Tech-oriented methods might attract certain sellers

Cons

  • Minimum fee is higher compared to other Riverside options
  • High-volume, team-based service may not suit all preferences
  • Narrower agent selection compared to Clever

Fee structure

  • 1.5% listing fee ($8,000 min. in Riverside) at closing
  • 2–3% buyer’s agent commission at closing
  • 0.5% listing fee refund if you also buy with Redfin within 12 months

*Not enough available data at this time

Website: redfin.com
Phone: 1-844-759-7732
Hours: 8 a.m.–5 p.m. CT, 7 days a week
Address: 2710 Media Center Dr, #210, Los Angeles, CA 90065
Areas served: Greater Los Angeles area

Trelora Realty

Learn more
4.1
Good

Listing Fee

1%

Customer Rating

4.8 (632)

Availability

Multi-state

Overview

Pricing

Reviews

Contact

Overview: For those in Riverside, CA, looking to maximize their savings on real estate commissions without sacrificing comprehensive service, Trelora Realty is a standout choice.

✅ Benefits and features: Trelora Realty is celebrated for slashing traditional commission fees, a move that has resonated well with budget-savvy clients. Their unique team-based model pools together the expertise of multiple real estate professionals, aiming to elevate the overall quality and breadth of services provided to each client.

🚩 Potential red flags: Trelora sets itself apart by charging a low 1% commission fee, offering a cost-effective alternative to standard rates. Clients benefit from the collective knowledge of a dedicated team, which includes various specialists, to navigate the complexities of buying or selling a home.

Pros

  • Enjoy substantial commission savings with Trelora's low 1% rate
  • Earns high marks from clients for cost-effectiveness
  • The team approach may be preferable for those who value a broad support network

Cons

  • The team model may result in a less personalized experience
  • Risk of communication issues due to the involvement of multiple team members

Fee structure

  • 1% listing fee at closing
  • 2–3% buyer's agent commission at closing
Weighted avg. 4.8 632
Google 4.7 441
Zillow 5.0 191

Website: trelora.com
Phone: 866-471-3440
Address: 2110 K St, Sacramento, CA 95816
Areas served: Arizona, California, Colorado, Georgia, Illinois, North Carolina, South Carolina, and Washington

» LEARN: How do discount real estate brokers offer lower fees?

Next steps

Thinking of selling your home but don't know where to start? Here are some next steps.

Start interviewing local agents

Set up some listing appointments, where an agent visits your home to discuss its estimated value, lay out their marketing strategy, and provide a quote for their fee.

Here's why it's smart to sit down with a few agents before signing with one:

It's completely free to meet with agents: There's no obligation or risk on your end. Just keep in mind that the agent is meeting with you to win your business, and will try to sell you on their service.

You can compare pricing and features: Shopping around helps you find the best fit for your specific needs – in terms of fees, experience, and services provided.

Learn more about your market from an expert: Realtors can provide local data, like how much nearby homes are selling for, how fast they sell, and other current market trends.

Learn about the home sales process: An agent can walk you through the sales process from start to finish, and provide tailored advice for marketing your property to home buyers.

To get started, check out our guide on the best ways to find real estate agents — or you can sign up for Clever’s free agent matching service below to connect with top realtors in your area right now (and save on commission).

Clever has pre-negotiated low commission rates of only 1.5%, with Riverside's top agents. Contact Clever today to find out how much you can save on commission!

👋 Next Steps: Find an agent!

Clever can connect you with top local agents sell your house for a pre-negotiated low rate: just a 1.5% listing fee when your home sells (half the typical rate!).

You can interview your Clever agent matches, get free pricing estimates, and compare marketing plans — all with no strings attached.

Ready to learn more? Click below to take our simple quiz and see your agent matches!

Methodology

We gathered our commission rate data from a survey of 630 of our partner agents. The survey asked about standard local rates for both listing and buying agents. We also asked agents about when and why they're willing to negotiate real estate commissions. 

Additionally, we utilized the following data from Zillow and Realtor.com:

  • Home values, list prices, and sale prices: Based on Zillow data as of January 2024
  • Sale-to-list ratios: Based on Zillow data as of January 2024 (unless specified otherwise)
  • Months of inventory: Based on Realtor.com data as of February 2024

Additional resources for Riverside home sellers

Better real estate agents at a better rate

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