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
$389,358
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Riverview was $389,358 in March 2024, down 1.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | $160K | +8.1% |
2 Bedrooms | $260K | $259K | -0.4% |
3 Bedrooms | $345.1K | $340K | -1.5% |
4 Bedrooms | $439.4K | $429.7K | -2.2% |
5+ Bedrooms | $515.7K | $559.8K | +8.6% |
Summary: Riverview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Brandon | $364.9K | $369.9K | +1.4% |
Valrico | $424.6K | $425K | 0.1% |
Palm River-Gibsonton | $333.4K | $330.9K | -0.8% |
Riverview | $395.2K | $389.3K | -1.5% |
Gibsonton | $350K | $344.9K | -1.5% |
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
838 | 874 | +4.3% |
Summary: The Riverview real estate market had 874 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 64 | 68 | +6.3% |
3 Bedrooms | 333 | 361 | +8.4% |
4 Bedrooms | 320 | 330 | +3.1% |
5+ Bedrooms | 120 | 114 | -5.0% |
Summary: The Riverview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 168 | +11.3% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 168 homes were sold or pending in Riverview in March 2024, up by 11.3% month-over-month. Of the 168 sold homes, 54% were sold under asking, 30% were sold at asking, and 16% 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 |
---|---|---|
52 Days | 52 Days | -0.4% |
Summary: Homes in Riverview had an average of 52 days on market in Mar 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During March 2024, 168 homes were sold in Riverview; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.