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 August 2021

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.

How much do homes in Riviera Beach, FL cost?

Median Sold Price

$404,173

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$36,748(+10.0%)

Key Takeaway

Homes in Riviera Beach have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $290K$340K
+17.2%
2 $427.7K$549K
+28.3%
3 $317.4K$310.7K
-2.1%
4 $328K$397.5K
+21.2%
5+ $725K$400.3K
-44.8%

Median Sold Price Compared To Nearby Cities

Lake Park
+23.5%
North Palm Beach
+19.1%
Palm Beach Shores
+12.4%
Riviera Beach
+10.0%

How many homes are available in Riviera Beach, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
220227+3.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 55
0.0%
2 8891
+3.4%
3 104108
+3.8%
4 1817
-5.6%
5+ 56
+20.0%

Number of Homes Sold

Jul 2022Aug 2022%
4431-29.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 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. 41.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
46 Days32 Days-30.4%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riviera Beach are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Riviera Beach, FL

Riviera Beach, FL has 227 homes on the market. The number of listings in Riviera Beach, FL increased by 3.2% between July 2022 and August 2022. While the average time on the market in August 2022 was 32 days, the median list price was $404,173. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 17.2%, prices of 2 bedrooms properties increased by 28.3%, the cost of 3 bedrooms properties went down by 2.1%, 4 bedrooms properties became 21.2% more expensive, prices of 5 bedrooms properties decreased by 44.8%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 3.4%, the quantity of 3 bedrooms homes went up by 3.8%, volume of 4 bedrooms homes went down by 5.6%, the quantity of 5 bedrooms homes went up by 20%. In August 2022 more than 11 listings in Riviera Beach, FL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 13 were sold below.

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