Is Riverdale Park, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale Park is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

Riverdale Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Riverdale Park, MD cost?

Median Sold Price

$502,500

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$72,500(+16.9%)

Key Takeaway

Homes in Riverdale Park have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$250K
N/A
2 $532.9K$555K
+4.1%
3 $381.5K$487K
+27.7%
4 $455K$495K
+8.8%
5+ $625K$555K
-11.2%

Median Sold Price Compared To Nearby Cities

Riverdale Park
+16.9%
College Park
+5.8%
Greenbelt
+4.7%

How many homes are available in Riverdale Park, MD?

Number of Homes For Sale

Oct 2022Nov 2022%
21210.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 23
+50.0%
3 99
0.0%
4 54
-20.0%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale Park, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
38 Days4 Days-89.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Riverdale Park, MD

Riverdale Park, MD has 21 homes for sale to choose from. In November 2022 median list price was $502,500 and the average listing age was 4 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 4.1%, 3 bedrooms properties prices increased by 27.7%, 4 bedrooms properties prices increased by 8.8%, the cost of 5 bedrooms properties went down by 11.2%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 50%, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory decreased by 20%, the quantity of 5 bedrooms homes have not changed. While more than 0 listings in Riverdale Park, MD in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below.

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