$6,638 Closing Credit*
$559,000
1,835 SqFt
3 Beds
•3 Full Baths, 1 Partial
Sia Etminan, Listing Office: Compass
Is Riverdale Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Riverdale Park has remained a Seller's Market.
Key Takeaway
Riverdale Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverdale Park, MD
How much do homes in Riverdale Park, MD cost?
Median Sold Price
$570,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$105,000(+22.6%)
Key Takeaway
Homes in Riverdale Park have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Riverdale Park was $570,000 in August 2024, up 22.6% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $309.5K | $539K | +74.2% |
| 3 Bedrooms | $480K | $462.5K | -3.6% |
| 4 Bedrooms | $484.9K | $600K | +23.7% |
| 5+ Bedrooms | $465K | $659.9K | +41.9% |
Summary: Riverdale Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 41.9%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $465K | $570K | +22.6% |
| Greenbelt | $228.5K | $250K | +9.4% |
| College Park | $417.5K | $455K | +9.0% |
Housing Supply in Riverdale Park, MD
How many homes are available in Riverdale Park, MD?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Riverdale Park real estate market had 12 homes for sale in August 2024, a 14.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Riverdale Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riverdale Park, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Riverdale Park in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -33.7% |
Summary: Homes in Riverdale Park had an average of 19 days on market in Aug 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverdale Park are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Riverdale Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
