Is Riverside, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Riverside was a Seller's Market.
Key Takeaway
Riverside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverside, NJ
How much do homes in Riverside, NJ cost?
Median Sold Price
$326,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Riverside have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Riverside was $326,000 in November 2023, up 8.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $117.8K | N/A |
| 2 Bedrooms | $215.9K | $245K | +13.5% |
| 3 Bedrooms | $290K | $310K | +6.9% |
| 4 Bedrooms | $365.2K | $425K | +16.4% |
| 5+ Bedrooms | $455.1K | $332.5K | -26.9% |
Summary: Riverside housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
| Delran Township | $335K | $389.4K | +16.3% |
| Edgewater Park Township | $275K | $301.5K | +9.6% |
| Riverside | $300K | $326K | +8.7% |
| Delanco Township | $306K | $320K | +4.6% |
| Riverside Township | $270K | $273.5K | +1.3% |
Housing Supply in Riverside, NJ
How many homes are available in Riverside, NJ?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 139 | 135 | -2.9% |
Summary: The Riverside real estate market had 135 homes for sale in November 2023, a 2.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 22 | -15.4% |
| 3 Bedrooms | 55 | 55 | 0.0% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Riverside housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Riverside in November 2023, down by 37.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 20 Days | -33.9% |
Summary: Homes in Riverside had an average of 20 days on market in Nov 2023, down by 33.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 November 2023, 17 homes were sold in Riverside; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.