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 February 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

$170,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,000(+9.7%)

Key Takeaway

Homes in Riverside have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Riverside was $170,000 in February 2024, up 9.7% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $77.5K$51.6K
-33.4%
2 $128K$105K
-18.0%
3 $149.9K$165K
+10.0%
4 $225K$249.9K
+11.1%
5+ $275K$282.4K
+2.7%

Summary: Riverside housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Cities

Dayton
+44.2%
Harrison Township
+13.7%
Riverside
+9.7%
Bath Township
+9.1%
Huber Heights
+2.5%

Housing Supply in Riverside, OH

How many homes are available in Riverside, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4948-2.0%

Summary: The Riverside real estate market had 48 homes for sale in February 2024, a 2.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2323
0.0%
4 1919
0.0%
5+ 11
0.0%

Summary: The Riverside 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Riverside in February 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% 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

Feb 2023Feb 2024CHANGE
101 Days58 Days-42.0%

Summary: Homes in Riverside had an average of 58 days on market in Feb 2024, down by 42% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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 February 2024, 14 homes were sold in Riverside; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Riverside, OH

Nearby Markets to Riverside, OH

What housing markets are near Riverside, OH?