Is Riverton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Riverton was a Neutral Market.
Key Takeaway
Riverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverton, NJ
How much do homes in Riverton, NJ cost?
Median Sold Price
$292,000
$211/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Riverton have sold for 44.4% less than they did a month ago.
Summary: The median home sold price in Riverton was $292,000 in April 2024, down 44.4% from last month, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $251K | $255K | +1.6% |
| 4 Bedrooms | $800K | $552.5K | -30.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Riverton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 30.9%, and 5+ bedroom homes did not change.
Housing Supply in Riverton, NJ
How many homes are available in Riverton, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Riverton real estate market had 13 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverton 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riverton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Riverton in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Riverton, NJ
How long does it take to sell a home in Riverton, NJ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 Days | 28 Days | -64.7% |
Summary: Homes in Riverton had an average of 28 days on market in Apr 2024, down by 64.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Riverton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
