Is Riverside Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Riverside Township has remained a Seller's Market.
Housing Prices in Riverside Township, NJ
How much do homes in Riverside Township, NJ cost?
Median Sold Price
$292,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Riverside Township was $292,500 in June 2024, up 6.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $260K | +10.6% |
3 Bedrooms | $275K | $270K | -1.8% |
4 Bedrooms | $356K | $335K | -5.9% |
5+ Bedrooms | $200K | $340K | +70.0% |
Summary: Riverside Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
Delanco Township | $306.2K | $340K | +11.0% |
Riverside | $310K | $340K | +9.7% |
Delran Township | $365.2K | $397K | +8.7% |
Riverside Township | $274.4K | $292.5K | +6.6% |
Housing Supply in Riverside Township, NJ
How many homes are available in Riverside Township, NJ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Summary: The Riverside Township real estate market had 34 homes for sale in June 2024, a 5.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 8 | 4 | -50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Riverside Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Riverside Township in June 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 15 Days | -60.8% |
Summary: Homes in Riverside Township had an average of 15 days on market in Jun 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Riverside Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.