Is Riverview, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverview is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Riverview has remained a Seller's Market.

Key Takeaway

Riverview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverview, FL

How much do homes in Riverview, FL cost?

Median Sold Price

$389,942

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,601(-1.4%)

Key Takeaway

Homes in Riverview have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Riverview was $389,942 in February 2024, down 1.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $191K$170K
-11.0%
2 $260.6K$258K
-1.0%
3 $346.3K$338.9K
-2.1%
4 $441K$426.2K
-3.4%
5+ $525K$546.3K
+4.1%

Summary: Riverview housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Cities

Brandon
+1.5%
Valrico
+0.6%
Palm River-Gibsonton
-1.3%
Riverview
-1.4%
Gibsonton
-5.0%

Housing Supply in Riverview, FL

How many homes are available in Riverview, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
735800+8.8%

Summary: The Riverview real estate market had 800 homes for sale in February 2024, a 8.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 6761
-9.0%
3 283315
+11.3%
4 279307
+10.0%
5+ 105117
+11.4%

Summary: The Riverview housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
127136+7.1%

Asking Price vs. Sold Price

85 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverview, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 136 homes were sold or pending in Riverview in February 2024, up by 7.1% month-over-month. Of the 136 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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

Feb 2023Feb 2024CHANGE
52 Days57 Days+8.2%

Summary: Homes in Riverview had an average of 57 days on market in Feb 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverview are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 136 homes were sold in Riverview; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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