Is Riverdale, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a seller's market

Buyer's
Market

Difference Since October 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

$415,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.2%)

Key Takeaway

Homes in Riverdale have sold for 1.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $313K$316K
+1.0%
2 $407.3K$415K
+1.9%
3 $500K$521.7K
+4.3%
4 $717.5K$889.9K
+24.0%
5+ $815K$1.0M
+26.8%

Summary: Riverdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 26.8%.

Median Sold Price Compared To Nearby Cities

Butler
+26.9%
Pompton Plains
+16.2%
Bloomingdale
+9.6%
Pompton Lakes
+7.8%
Riverdale
+1.2%

Housing Supply in Riverdale, NJ

How many homes are available in Riverdale, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1726+52.9%

Summary: The Riverdale real estate market had 26 homes for sale in October 2024, a 52.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 16
+500.0%
2 108
-20.0%
3 36
+100.0%
4 35
+66.7%
5+ 01
+100.0%

Summary: The Riverdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Riverdale in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Riverdale, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Riverdale, NJ

Nearby Markets to Riverdale, NJ

What housing markets are near Riverdale, NJ?