Is Riverdale, NY 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, Riverdale has remained a Buyer's Market.
Key Takeaway
Riverdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverdale, NY
How much do homes in Riverdale, NY cost?
Median Sold Price
$361,875
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Riverdale have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Riverdale was $361,875 in April 2024, down 0.9% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.5K | $260K | +8.6% |
| 2 Bedrooms | $365K | $420K | +15.1% |
| 3 Bedrooms | $622K | $530K | -14.8% |
| 4 Bedrooms | $1.1M | $1.1M | -0.2% |
| 5+ Bedrooms | $1.3M | $2.9M | +120.4% |
Summary: Riverdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 15.1%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 120.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Riverdale | $365K | $361.8K | -0.9% |
| North Riverdale | $350K | $321K | -8.3% |
| Spuyten Duyvil | $375K | $310K | -17.3% |
Housing Supply in Riverdale, NY
How many homes are available in Riverdale, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 156 | +7.6% |
Summary: The Riverdale real estate market had 156 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 53 | +12.8% |
| 2 Bedrooms | 60 | 64 | +6.7% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Riverdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverdale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Riverdale in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Riverdale, NY
How long does it take to sell a home in Riverdale, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 131 Days | 242 Days | +84.7% |
Summary: Homes in Riverdale had an average of 242 days on market in Apr 2024, up by 84.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Riverdale are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Riverdale; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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