Is Riverlea, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Riverlea has remained a Seller's Market.
Key Takeaway
Riverlea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverlea, OH
How much do homes in Riverlea, OH cost?
Median Sold Price
$666,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Riverlea have sold for 28.1% more than they did a year ago.
Summary: The median home sold price in Riverlea was $666,000 in May 2024, up 28.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $267K | -1.1% |
| 3 Bedrooms | $475K | $504.5K | +6.2% |
| 4 Bedrooms | $627.5K | $670.5K | +6.9% |
| 5+ Bedrooms | - | $775K | N/A |
Summary: Riverlea housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Riverlea | $520K | $666K | +28.1% |
| Columbus | $262.2K | $279.7K | +6.7% |
| Sharon Township | $410K | $435K | +6.1% |
| Worthington | $409.5K | $420.6K | +2.7% |
Housing Supply in Riverlea, OH
How many homes are available in Riverlea, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Summary: The Riverlea real estate market had 3 homes for sale in May 2024, a 100.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverlea 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riverlea, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Riverlea in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Riverlea, OH
How long does it take to sell a home in Riverlea, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 3 Days | -72.7% |
Summary: Homes in Riverlea had an average of 3 days on market in May 2024, down by 72.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverlea are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Riverlea; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.