Is Riviera Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Riviera Beach has remained a Seller's Market.
Housing Prices in Riviera Beach, MD
How much do homes in Riviera Beach, MD cost?
Median Sold Price
$360,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riviera Beach was $360,000 in April 2024, up 7.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $238K | N/A |
2 Bedrooms | $317.5K | $365K | +15.0% |
3 Bedrooms | $332.7K | $350K | +5.2% |
4 Bedrooms | $433.7K | $422.5K | -2.6% |
5+ Bedrooms | $429.5K | $450K | +4.8% |
Summary: Riviera Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Riviera Beach, MD
How many homes are available in Riviera Beach, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 40 | +90.5% |
Summary: The Riviera Beach real estate market had 40 homes for sale in April 2024, a 90.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 15 | 25 | +66.7% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Riviera Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Riviera Beach in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Riviera Beach, MD
How long does it take to sell a home in Riviera Beach, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 8 Days | -54.7% |
Summary: Homes in Riviera Beach had an average of 8 days on market in Apr 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Riviera Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.