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 June 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

$387,400

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$26,933(-6.5%)

Key Takeaway

Homes in Riviera Beach have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Riviera Beach was $387,400 in June 2024, down 6.5% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $425K$242.9K
-42.8%
2 $577.5K$465K
-19.5%
3 $355K$365K
+2.8%
4 $435K$388K
-10.8%
5+ $882.1K$460K
-47.9%

Summary: Riviera Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.8%, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 47.9%.

Median Sold Price Compared To Nearby Cities

Lake Park
+25.5%
North Palm Beach
+14.9%
Palm Beach Gardens
+12.4%
West Palm Beach
+9.1%
Riviera Beach
-6.5%

Housing Supply in Riviera Beach, FL

How many homes are available in Riviera Beach, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
391382-2.3%

Summary: The Riviera Beach real estate market had 382 homes for sale in June 2024, a 2.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1816
-11.1%
2 184181
-1.6%
3 141140
-0.7%
4 3230
-6.3%
5+ 1615
-6.3%

Summary: The Riviera Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6538-41.5%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was 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. 81.6% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Riviera Beach in June 2024, down by 41.5% month-over-month. Of the 38 sold homes, 82% were sold under asking, 16% were sold at asking, and 3% 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

Jun 2023Jun 2024CHANGE
47 Days50 Days+5.6%

Summary: Homes in Riviera Beach had an average of 50 days on market in Jun 2024, up by 5.6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 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.

Summary: During June 2024, 38 homes were sold in Riviera Beach; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% 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 18 Days Ago

Newest Listings in Riviera Beach, FL

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