Is River District, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing River District is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, River District has remained a Buyer's Market.

Key Takeaway

River District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in River District, FL

How much do homes in River District, FL cost?

Median Sold Price

$419,500

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$54,500(-11.5%)

Key Takeaway

Homes in River District have sold for 11.5% less than they did a year ago.

Summary: The median home sold price in River District was $419,500 in November 2024, down 11.5% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$163.7K
-31.8%
2 $358.7K$380K
+5.9%
3 $485K$429.5K
-11.4%
4 $705K$715K
+1.4%
5+ $555K$448K
-19.3%

Summary: River District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 19.3%.

Housing Supply in River District, FL

How many homes are available in River District, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6790+34.3%

Summary: The River District real estate market had 90 homes for sale in November 2024, a 34.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 2431
+29.2%
3 3147
+51.6%
4 44
0.0%
5+ 11
0.0%

Summary: The River District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 51.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in River District, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in River District in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for River District, FL

How long does it take to sell a home in River District, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
110 Days91 Days-17.5%

Summary: Homes in River District had an average of 91 days on market in Nov 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in River District are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in River District; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

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