Is Riverview, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Riverview has remained a Seller's Market.
Housing Prices in Riverview, FL
How much do homes in Riverview, FL cost?
Median Sold Price
$153,500
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverview was $153,500 in March 2024, down 1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89K | $45K | -49.4% |
2 Bedrooms | $124K | $126.8K | +2.3% |
3 Bedrooms | $175K | $158.7K | -9.3% |
4 Bedrooms | $200K | $211K | +5.5% |
5+ Bedrooms | $300K | $238K | -20.7% |
Summary: Riverview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 43 | -4.4% |
Summary: The Riverview real estate market had 43 homes for sale in March 2024, a 4.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Riverview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Riverview in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Riverview, FL
How long does it take to sell a home in Riverview, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 46 Days | +40.9% |
Summary: Homes in Riverview had an average of 46 days on market in Mar 2024, up by 40.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Riverview; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.