Is Riverside, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Riverside was a Neutral Market.
Key Takeaway
Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside, NJ
How much do homes in Riverside, NJ cost?
Median Sold Price
$336,312
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Riverside have sold for 14% more than they did a year ago.
Summary: The median home sold price in Riverside was $336,312 in March 2024, up 14% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117.8K | N/A |
| 2 Bedrooms | $223.7K | $241K | +7.7% |
| 3 Bedrooms | $292K | $326.5K | +11.8% |
| 4 Bedrooms | $390K | $427K | +9.5% |
| 5+ Bedrooms | $455K | $470K | +3.3% |
Summary: Riverside housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $250K | $322K | +28.8% |
| Riverside Township | $260.5K | $299.9K | +15.1% |
| Riverside | $295K | $336.3K | +14.0% |
| Delran Township | $350K | $390K | +11.4% |
| Delanco Township | $302.5K | $326K | +7.8% |
Housing Supply in Riverside, NJ
How many homes are available in Riverside, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 125 | -0.8% |
Summary: The Riverside real estate market had 125 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 58 | 57 | -1.7% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Riverside housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Riverside in March 2024, up by 19.0% month-over-month. Of the 25 sold homes, 16% were sold under asking, 36% were sold at asking, and 48% were sold over asking.
Days on Market for Riverside, NJ
How long does it take to sell a home in Riverside, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 35 Days | +103.6% |
Summary: Homes in Riverside had an average of 35 days on market in Mar 2024, up by 103.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverside are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Riverside; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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