Is Riverside Township, 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, Riverside Township has remained a Seller's Market.
Key Takeaway
Riverside Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside Township, NJ
How much do homes in Riverside Township, NJ cost?
Median Sold Price
$301,250
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Riverside Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Riverside Township was $301,250 in April 2024, up 13.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $265K | +12.8% |
| 3 Bedrooms | $270K | $282K | +4.4% |
| 4 Bedrooms | $307.5K | $380K | +23.6% |
| 5+ Bedrooms | $200K | $305K | +52.5% |
Summary: Riverside Township 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 12.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 52.5%.
Median Sold Price Compared To Nearby Cities
| Riverside Township | $265K | $301.2K | +13.7% |
| Riverside | $301.3K | $339.2K | +12.6% |
| Delanco Township | $302K | $333.7K | +10.5% |
| Delran Township | $365K | $387.5K | +6.2% |
Housing Supply in Riverside Township, NJ
How many homes are available in Riverside Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Riverside Township real estate market had 39 homes for sale in April 2024, a 8.3% 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 | 6 | +200.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Riverside Township 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 200%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Riverside Township in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.
Days on Market for Riverside Township, NJ
How long does it take to sell a home in Riverside Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -28.7% |
Summary: Homes in Riverside Township had an average of 28 days on market in Apr 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Riverside Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Riverside Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.