Is Riverdale Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Riverdale Park was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | - | N/A |
2 Bedrooms | $293K | $537K | +83.3% |
3 Bedrooms | $465K | $465K | 0.0% |
4 Bedrooms | $490K | $512.2K | +4.5% |
5+ Bedrooms | $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 | $474.9K | $535K | +12.6% |
Greenbelt | $225K | $239.9K | +6.6% |
College Park | $420K | $440.5K | +4.9% |
Housing Supply in Riverdale Park, MD
How many homes are available in Riverdale Park, MD?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 19 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 8 | 9 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
18 Days | 112 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
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.