Is River Strand, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, River Strand was a Seller's Market.
Key Takeaway
River Strand 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 Strand, FL
How much do homes in River Strand, FL cost?
Median Sold Price
$465,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in River Strand have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in River Strand was $465,000 in April 2024, up 4.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $337K | -3.7% |
| 3 Bedrooms | $519.9K | $525K | +1.0% |
| 4 Bedrooms | $790K | $689K | -12.8% |
| 5+ Bedrooms | $955K | $785K | -17.8% |
Summary: River Strand housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Heritage Harbour | $430K | $450K | +4.7% |
| River Strand | $444.5K | $465K | +4.6% |
Housing Supply in River Strand, FL
How many homes are available in River Strand, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 66 | -8.3% |
Summary: The River Strand real estate market had 66 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 32 | 26 | -18.8% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River Strand housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Strand, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in River Strand in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for River Strand, FL
How long does it take to sell a home in River Strand, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 38 Days | +15.0% |
Summary: Homes in River Strand had an average of 38 days on market in Apr 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in River Strand are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in River Strand; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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