Is Town of Riverhead, 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, Town of Riverhead has remained a Neutral Market.
Housing Prices in Town of Riverhead, NY
How much do homes in Town of Riverhead, NY cost?
Median Sold Price
$578,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Town of Riverhead was $578,000 in April 2024, up 1.4% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $370K | +5.7% |
2 Bedrooms | $440K | $455K | +3.4% |
3 Bedrooms | $569.5K | $586.2K | +2.9% |
4 Bedrooms | $715K | $730K | +2.1% |
5+ Bedrooms | $773K | $812.5K | +5.1% |
Summary: Town of Riverhead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Town of Riverhead, NY
How many homes are available in Town of Riverhead, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
145 | 157 | +8.3% |
Summary: The Town of Riverhead real estate market had 157 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 58 | 63 | +8.6% |
4 Bedrooms | 47 | 51 | +8.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Town of Riverhead housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Town of Riverhead in April 2024, down by 8.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 4% were sold at asking, and 52% were sold over asking.
Days on Market for Town of Riverhead, NY
How long does it take to sell a home in Town of Riverhead, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 48 Days | -34.5% |
Summary: Homes in Town of Riverhead had an average of 48 days on market in Apr 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Town of Riverhead; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.