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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Riverdale was a Seller's Market.

Key Takeaway

Riverdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Riverdale, GA

How much do homes in Riverdale, GA cost?

Median Sold Price

$239,600

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,600(+4.2%)

Key Takeaway

Homes in Riverdale have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Riverdale was $239,600 in May 2024, up 4.2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $160K$194.2K
+21.4%
3 $222.7K$232K
+4.1%
4 $265.5K$264.9K
-0.2%
5+ $270K$305K
+13.0%

Summary: Riverdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 13%.

Housing Supply in Riverdale, GA

How many homes are available in Riverdale, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
242283+16.9%

Summary: The Riverdale real estate market had 283 homes for sale in May 2024, a 16.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 127152
+19.7%
4 85101
+18.8%
5+ 1919
0.0%

Summary: The Riverdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
4245+7.1%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

13 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. 45.2% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Riverdale in May 2024, up by 7.1% month-over-month. Of the 42 sold homes, 45% were sold under asking, 24% were sold at asking, and 31% 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

May 2023May 2024CHANGE
39 Days26 Days-32.3%

Summary: Homes in Riverdale had an average of 26 days on market in May 2024, down by 32.3% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 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 May 2024, 45 homes were sold in Riverdale; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% 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 16 Days Ago

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