$120,000
0.12 Acres
Land
Sherry Lebowitz, Listing Office: Lifestyle International Realty
Is Riviera Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $256.5K | -26.7% |
| 2 Bedrooms | $552.5K | $525K | -5.0% |
| 3 Bedrooms | $359.5K | $375K | +4.3% |
| 4 Bedrooms | $432.5K | $400K | -7.5% |
| 5+ Bedrooms | $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 | $478.7K | $576.6K | +20.5% |
| Lake Park | $360K | $410K | +13.9% |
| Palm Beach Gardens | $659.8K | $720K | +9.1% |
| West Palm Beach | $369.9K | $398.7K | +7.8% |
| Riviera Beach | $410.3K | $399K | -2.8% |
Housing Supply in Riviera Beach, FL
How many homes are available in Riviera Beach, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 322 | 337 | +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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 162 | 184 | +13.6% |
| 3 Bedrooms | 108 | 103 | -4.6% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 11 | 11 | 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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 24 | -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
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 51 Days | 73 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
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.
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