Is Riverdale, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Riverdale has remained a Seller's Market.

Key Takeaway

Riverdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$1,247(-0.5%)

Key Takeaway

Homes in Riverdale have sold for 0.5% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $154.5K$185K
+19.7%
3 $227.4K$230K
+1.1%
4 $282.2K$264.9K
-6.1%
5+ $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 2024Feb 2024CHANGE
204241+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 615
+150.0%
3 117126
+7.7%
4 6876
+11.8%
5+ 1324
+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 2024Feb 2024CHANGE
4342-2.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
33 Days37 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 18 Days Ago

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