Is Riverdale, NJ 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, Riverdale has remained a Seller's Market.
Key Takeaway
Riverdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverdale, NJ
How much do homes in Riverdale, NJ cost?
Median Sold Price
$420,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Riverdale have sold for 12% more than they did a year ago.
Summary: The median home sold price in Riverdale was $420,000 in April 2024, up 12% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $315K | +8.6% |
| 2 Bedrooms | $376.8K | $415K | +10.1% |
| 3 Bedrooms | $490K | $500K | +2.0% |
| 4 Bedrooms | $598.7K | $725K | +21.1% |
| 5+ Bedrooms | $875K | $727K | -16.9% |
Summary: Riverdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Butler | $385K | $500K | +29.9% |
| Pompton Lakes | $415K | $475K | +14.5% |
| Pompton Plains | $505K | $569.5K | +12.8% |
| Riverdale | $375K | $420K | +12.0% |
| Bloomingdale | $420K | $470K | +11.9% |
Housing Supply in Riverdale, NJ
How many homes are available in Riverdale, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Riverdale real estate market had 17 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverdale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Riverdale in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Riverdale, NJ
We’re sorry, we don't have information for this market at the moment
