Is Riverside, 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, Riverside was a Seller's Market.
Housing Prices in Riverside, FL
How much do homes in Riverside, FL cost?
Median Sold Price
$420,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside was $420,000 in April 2024, up 3.7% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $218.2K | -27.0% |
2 Bedrooms | $309.5K | $364K | +17.6% |
3 Bedrooms | $400K | $416.5K | +4.1% |
4 Bedrooms | $538.3K | $589.5K | +9.5% |
5+ Bedrooms | $575K | $588.7K | +2.4% |
Summary: Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in Riverside, FL
How many homes are available in Riverside, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 111 | +22.0% |
Summary: The Riverside real estate market had 111 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 38 | 42 | +10.5% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Riverside 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 increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Riverside in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Riverside, FL
How long does it take to sell a home in Riverside, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 47 Days | -23.0% |
Summary: Homes in Riverside had an average of 47 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Riverside; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.