Is Riviera Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riviera Beach is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Riviera Beach was a Seller's Market.

Key Takeaway

Riviera Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Riviera Beach, FL

How much do homes in Riviera Beach, FL cost?

Median Sold Price

$399,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$11,309(-2.8%)

Key Takeaway

Homes in Riviera Beach have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Riviera Beach was $399,000 in September 2024, down 2.8% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $350K$256.5K
-26.7%
2 $552.5K$525K
-5.0%
3 $359.5K$375K
+4.3%
4 $432.5K$400K
-7.5%
5+ $530K$420K
-20.8%

Summary: Riviera Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Cities

North Palm Beach
+20.5%
Lake Park
+13.9%
Palm Beach Gardens
+9.1%
West Palm Beach
+7.8%
Riviera Beach
-2.8%

Housing Supply in Riviera Beach, FL

How many homes are available in Riviera Beach, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
322337+4.7%

Summary: The Riviera Beach real estate market had 337 homes for sale in September 2024, a 4.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1515
0.0%
2 162184
+13.6%
3 108103
-4.6%
4 2624
-7.7%
5+ 1111
0.0%

Summary: The Riviera Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4724-48.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riviera Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Riviera Beach in September 2024, down by 48.9% month-over-month. Of the 24 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Riviera Beach, FL

How long does it take to sell a home in Riviera Beach, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
51 Days73 Days+44.0%

Summary: Homes in Riviera Beach had an average of 73 days on market in Sep 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Riviera Beach has remained consistent over time.

Summary: During September 2024, 24 homes were sold in Riviera Beach; 25% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 29% 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 30 Days Ago

Newest Listings in Riviera Beach, FL

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