Is Riviera Bay, 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, Riviera Bay was a Seller's Market.
Housing Prices in Riviera Bay, FL
How much do homes in Riviera Bay, FL cost?
Median Sold Price
$370,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riviera Bay was $370,000 in April 2024, up 10.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $159K | -11.7% |
2 Bedrooms | $232K | $260K | +12.1% |
3 Bedrooms | $467K | $480K | +2.8% |
4 Bedrooms | $605K | $599K | -1.0% |
5+ Bedrooms | $2.2M | $775K | -65.0% |
Summary: Riviera Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 65%.
Median Sold Price Compared To Nearby Neighborhoods
Riviera Bay | $335K | $370K | +10.4% |
Brighton Bay | $216K | $224K | +3.7% |
Caya Costa | $595K | $550K | -7.6% |
Housing Supply in Riviera Bay, FL
How many homes are available in Riviera Bay, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 109 | +17.2% |
Summary: The Riviera Bay real estate market had 109 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 18 | +20.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Riviera Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Riviera Bay in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Riviera Bay, FL
How long does it take to sell a home in Riviera Bay, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 52 Days | +174.0% |
Summary: Homes in Riviera Bay had an average of 52 days on market in Apr 2024, up by 174% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Riviera Bay; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.