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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing River Oaks is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in River Oaks, FL

How much do homes in River Oaks, FL cost?

Median Sold Price

$330,000

$323/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$182,250(-35.6%)

Key Takeaway

Homes in River Oaks have sold for 35.6% less than they did a year ago.

Summary: The median home sold price in River Oaks was $330,000 in October 2024, down 35.6% from last year, and the median price per square foot was $323.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $255K$188K
-26.3%
2 $371K$325K
-12.4%
3 $751K$550K
-26.8%
4 $1.0M$925K
-8.6%
5+ $1.3M$1.4M
+3.9%

Summary: River Oaks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Neighborhoods

Croissant Park
-10.8%
River Oaks
-35.6%

Housing Supply in River Oaks, FL

How many homes are available in River Oaks, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1624+50.0%

Summary: The River Oaks real estate market had 24 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 49
+125.0%
3 57
+40.0%
4 34
+33.3%
5+ 34
+33.3%

Summary: The River Oaks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Oaks, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in River Oaks in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for River Oaks, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
134 Days25 Days-81.3%

Summary: Homes in River Oaks had an average of 25 days on market in Oct 2024, down by 81.3% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in River Oaks are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in River Oaks; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in River Oaks, FL

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