Is Riverdale, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Riverdale has remained a Seller's Market.
Housing Prices in Riverdale, GA
How much do homes in Riverdale, GA cost?
Median Sold Price
$236,752
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Riverdale was $236,752 in February 2024, down 0.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $154.5K | $185K | +19.7% |
3 Bedrooms | $227.4K | $230K | +1.1% |
4 Bedrooms | $282.2K | $264.9K | -6.1% |
5+ Bedrooms | $318.5K | $307K | -3.6% |
Summary: Riverdale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Riverdale, GA
How many homes are available in Riverdale, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
204 | 241 | +18.1% |
Summary: The Riverdale real estate market had 241 homes for sale in February 2024, a 18.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 15 | +150.0% |
3 Bedrooms | 117 | 126 | +7.7% |
4 Bedrooms | 68 | 76 | +11.8% |
5+ Bedrooms | 13 | 24 | +84.6% |
Summary: The Riverdale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 84.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 42 | -2.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Riverdale in February 2024, down by 2.3% month-over-month. Of the 35 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.
Days on Market for Riverdale, GA
How long does it take to sell a home in Riverdale, GA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 37 Days | +11.0% |
Summary: Homes in Riverdale had an average of 37 days on market in Feb 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 42 homes were sold in Riverdale; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.