Is Riverview, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$398,400
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Riverview was $398,400 in June 2024, up 3.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $170K | +14.9% |
2 Bedrooms | $260K | $260K | 0.0% |
3 Bedrooms | $337.8K | $345.2K | +2.2% |
4 Bedrooms | $425.3K | $430.9K | +1.3% |
5+ Bedrooms | $506.9K | $561.6K | +10.8% |
Summary: Riverview housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Palm River-Gibsonton | $325.1K | $337.7K | +3.9% |
Riverview | $386K | $398.4K | +3.2% |
Brandon | $362.6K | $369.9K | +2.0% |
Valrico | $420K | $424.8K | +1.2% |
Gibsonton | $338K | $336K | -0.6% |
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,009 | 972 | -3.7% |
Summary: The Riverview real estate market had 972 homes for sale in June 2024, a 3.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 64 | 75 | +17.2% |
3 Bedrooms | 385 | 372 | -3.4% |
4 Bedrooms | 407 | 380 | -6.6% |
5+ Bedrooms | 151 | 143 | -5.3% |
Summary: The Riverview housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
235 | 182 | -22.6% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 182 homes were sold or pending in Riverview in June 2024, down by 22.6% month-over-month. Of the 182 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 44 Days | +1.2% |
Summary: Homes in Riverview had an average of 44 days on market in Jun 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During June 2024, 182 homes were sold in Riverview; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.