Is Riverside, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverside is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Riverside has remained a Seller's Market.

Key Takeaway

Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverside, OH

How much do homes in Riverside, OH cost?

Median Sold Price

$174,625

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,625(+12.7%)

Key Takeaway

Homes in Riverside have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Riverside was $174,625 in May 2024, up 12.7% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $77.5K$42K
-45.8%
2 $117.4K$103K
-12.3%
3 $150K$164K
+9.3%
4 $222.8K$243.5K
+9.3%
5+ $280K$282.4K
+0.9%

Summary: Riverside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Riverside
+12.7%
Bath Township
+12.1%
Harrison Township
+11.4%
Dayton
+5.7%
Huber Heights
-1.7%

Housing Supply in Riverside, OH

How many homes are available in Riverside, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3949+25.6%

Summary: The Riverside real estate market had 49 homes for sale in May 2024, a 25.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 2027
+35.0%
4 1014
+40.0%
5+ 22
0.0%

Summary: The Riverside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Riverside in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.

Days on Market for Riverside, OH

How long does it take to sell a home in Riverside, OH?

Average Sale Time

May 2023May 2024CHANGE
49 Days42 Days-12.8%

Summary: Homes in Riverside had an average of 42 days on market in May 2024, down by 12.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Riverside has remained consistent over time.

Summary: During May 2024, 12 homes were sold in Riverside; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Riverside, OH

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