$3,849,000
3 Beds
•2 Full Baths
Summer Knight, Listing Office: Sun Coast Real Estate
Is Riviera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Riviera was a Seller's Market.
Key Takeaway
Riviera is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Riviera, CA
How much do homes in Riviera, CA cost?
Median Sold Price
$2,700,000
$1,308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+3.3%)
Key Takeaway
Homes in Riviera have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Riviera was $2,700,000 in October 2024, up 3.3% from last year, and the median price per square foot was $1,308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.2M | $1.6M | -24.7% |
| 3 Bedrooms | $2.5M | $2.6M | +3.0% |
| 4 Bedrooms | $2.9M | $4.2M | +45.5% |
| 5+ Bedrooms | $4.5M | $4.1M | -9.9% |
Summary: Riviera housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in Riviera, CA
How many homes are available in Riviera, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Riviera real estate market had 25 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Riviera housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Riviera in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Riviera, CA
How long does it take to sell a home in Riviera, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 91 Days | +747.2% |
Summary: Homes in Riviera had an average of 91 days on market in Oct 2024, up by 747.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riviera are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Riviera; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.