Is River Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, River Ridge was a Seller's Market.
Key Takeaway
River Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in River Ridge, FL
How much do homes in River Ridge, FL cost?
Median Sold Price
$350,000
$216/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in River Ridge has remained the same since last year.
Summary: The median home sold price in River Ridge was $350,000 in March 2024, the same as last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.8K | $174K | +21.8% |
| 2 Bedrooms | $240K | $249K | +3.8% |
| 3 Bedrooms | $360K | $356.2K | -1.0% |
| 4 Bedrooms | $430K | $475K | +10.5% |
| 5+ Bedrooms | $490K | $495K | +1.0% |
Summary: River Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Hidden Lakes | $460K | $467.5K | +1.6% |
| River Ridge | $350K | $350K | 0.0% |
| Moon Lake | $247K | $197.4K | -20.1% |
Housing Supply in River Ridge, FL
How many homes are available in River Ridge, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The River Ridge real estate market had 38 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Ridge, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in River Ridge in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for River Ridge, FL
How long does it take to sell a home in River Ridge, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +4.7% |
Summary: Homes in River Ridge had an average of 39 days on market in Mar 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Ridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in River Ridge; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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