Is Riverside, RI 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, Riverside has remained a Seller's Market.
Housing Prices in Riverside, RI
How much do homes in Riverside, RI cost?
Median Sold Price
$395,450
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside was $395,450 in April 2024, up 5.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $295K | +28.3% |
2 Bedrooms | $295.7K | $332.5K | +12.4% |
3 Bedrooms | $385K | $410K | +6.5% |
4 Bedrooms | $406K | $428K | +5.4% |
5+ Bedrooms | $572.5K | $455K | -20.5% |
Summary: Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
Providence | $393.2K | $443.2K | +12.7% |
East Providence | $380K | $409.3K | +7.7% |
Riverside | $375K | $395.4K | +5.5% |
Seekonk | $494K | $517.5K | +4.8% |
Barrington | $675K | $675K | 0.0% |
Housing Supply in Riverside, RI
How many homes are available in Riverside, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 43 | -4.4% |
Summary: The Riverside real estate market had 43 homes for sale in April 2024, a 4.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Riverside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Riverside in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for Riverside, RI
How long does it take to sell a home in Riverside, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 28 Days | -0.9% |
Summary: Homes in Riverside had an average of 28 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Riverside; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.