Is Riverside, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Riverside has remained a Seller's Market.
Key Takeaway
Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside, OH
How much do homes in Riverside, OH cost?
Median Sold Price
$174,625
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Riverside have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Riverside was $174,625 in May 2024, up 12.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $42K | -45.8% |
| 2 Bedrooms | $117.4K | $103K | -12.3% |
| 3 Bedrooms | $150K | $164K | +9.3% |
| 4 Bedrooms | $222.8K | $243.5K | +9.3% |
| 5+ Bedrooms | $280K | $282.4K | +0.9% |
Summary: Riverside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Riverside | $155K | $174.6K | +12.7% |
| Bath Township | $164.9K | $184.9K | +12.1% |
| Harrison Township | $114.4K | $127.5K | +11.4% |
| Dayton | $174.9K | $184.9K | +5.7% |
| Huber Heights | $208.5K | $204.9K | -1.7% |
Housing Supply in Riverside, OH
How many homes are available in Riverside, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 49 | +25.6% |
Summary: The Riverside real estate market had 49 homes for sale in May 2024, a 25.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Riverside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Riverside in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Riverside, OH
How long does it take to sell a home in Riverside, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 42 Days | -12.8% |
Summary: Homes in Riverside had an average of 42 days on market in May 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Riverside has remained consistent over time.
Summary: During May 2024, 12 homes were sold in Riverside; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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