Is Riga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Riga has remained a Seller's Market.
Housing Prices in Riga, NY
How much do homes in Riga, NY cost?
Median Sold Price
$228,000
$156/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Riga was $228,000 in February 2024, down 39.3% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $349.9K | $228K | -34.8% |
4 Bedrooms | $308.4K | - | N/A |
5+ Bedrooms | $624.9K | - | N/A |
Summary: Riga housing prices by bedroom type for February 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 decreased by 34.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Riga, NY
How many homes are available in Riga, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Summary: The Riga real estate market had 7 homes for sale in February 2024, a 30.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Riga housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Riga in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Riga, NY
How long does it take to sell a home in Riga, NY?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 6 Days | -83.3% |
Summary: Homes in Riga had an average of 6 days on market in Feb 2024, down by 83.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Riga; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.