Is Riviera Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Riviera Beach was a Neutral Market.
Housing Prices in Riviera Beach, FL
How much do homes in Riviera Beach, FL cost?
Median Sold Price
$400,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Riviera Beach was $400,000 in February 2024, down 5.4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335.5K | $262.5K | -21.8% |
2 Bedrooms | $567.6K | $495K | -12.8% |
3 Bedrooms | $348.5K | $370.5K | +6.3% |
4 Bedrooms | $410K | $391.5K | -4.5% |
5+ Bedrooms | $677.5K | $546K | -19.4% |
Summary: Riviera Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
Lake Park | $325K | $397.5K | +22.3% |
North Palm Beach | $450K | $525K | +16.7% |
Palm Beach Gardens | $606.3K | $700.1K | +15.5% |
West Palm Beach | $379.4K | $380.1K | 0.2% |
Riviera Beach | $422.9K | $400K | -5.4% |
Housing Supply in Riviera Beach, FL
How many homes are available in Riviera Beach, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
308 | 339 | +10.1% |
Summary: The Riviera Beach real estate market had 339 homes for sale in February 2024, a 10.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 18 | +5.9% |
2 Bedrooms | 140 | 160 | +14.3% |
3 Bedrooms | 106 | 112 | +5.7% |
4 Bedrooms | 37 | 40 | +8.1% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Riviera Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 28 | -17.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Riviera Beach in February 2024, down by 17.6% month-over-month. Of the 28 sold homes, 75% were sold under asking, 11% were sold at asking, and 14% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 58 Days | +16.9% |
Summary: Homes in Riviera Beach had an average of 58 days on market in Feb 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 28 homes were sold in Riviera Beach; 39% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.