Is Riverside Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Riverside Park has remained a Seller's Market.
Key Takeaway
Riverside Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside Park, NY
How much do homes in Riverside Park, NY cost?
Median Sold Price
$149,900
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Riverside Park have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Riverside Park was $149,900 in March 2024, up 3.3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125.2K | $78K | -37.7% |
| 3 Bedrooms | $138.8K | $143.6K | +3.5% |
| 4 Bedrooms | $146.6K | $160K | +9.1% |
| 5+ Bedrooms | $195K | $169.5K | -13.1% |
Summary: Riverside Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Black Rock | $120.6K | $126.5K | +4.9% |
| Riverside Park | $145.1K | $149.9K | +3.3% |
Housing Supply in Riverside Park, NY
How many homes are available in Riverside Park, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Riverside Park real estate market had 33 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Riverside Park housing inventory by bedroom type for March 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 21.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Riverside Park in March 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Riverside Park, NY
How long does it take to sell a home in Riverside Park, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 29 Days | -35.4% |
Summary: Homes in Riverside Park had an average of 29 days on market in Mar 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Riverside Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Riverside Park; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
