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 February 2023

At the same time last year, Riverdale Park was a Neutral Market.

Key Takeaway

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

Housing Prices in Riverdale Park, MD

How much do homes in Riverdale Park, MD cost?

Median Sold Price

$535,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$60,050(+12.6%)

Key Takeaway

Homes in Riverdale Park have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Riverdale Park was $535,000 in February 2024, up 12.6% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $250K-
N/A
2 $293K$537K
+83.3%
3 $465K$465K
0.0%
4 $490K$512.2K
+4.5%
5+ $502.5K$600K
+19.4%

Summary: Riverdale Park 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 83.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

Riverdale Park
+12.6%
Greenbelt
+6.6%
College Park
+4.9%

Housing Supply in Riverdale Park, MD

How many homes are available in Riverdale Park, MD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1719+11.8%

Summary: The Riverdale Park real estate market had 19 homes for sale in February 2024, a 11.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 33
0.0%
5+ 89
+12.5%

Summary: The Riverdale Park 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Riverdale Park in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Riverdale Park, MD

How long does it take to sell a home in Riverdale Park, MD?

Average Sale Time

Feb 2023Feb 2024CHANGE
18 Days112 Days+522.2%

Summary: Homes in Riverdale Park had an average of 112 days on market in Feb 2024, up by 522.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Riverdale Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in Riverdale Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

Newest Listings in Riverdale Park, MD

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