$10,000 Closing Credit*
$1,650,000
1,144 SqFt
3 Beds
•3 Full Baths
Luz Bencich, Listing Office: Grand Realty of America, Corp.
Is River Oaks, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $188K | -26.3% |
| 2 Bedrooms | $371K | $325K | -12.4% |
| 3 Bedrooms | $751K | $550K | -26.8% |
| 4 Bedrooms | $1.0M | $925K | -8.6% |
| 5+ Bedrooms | $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 | $650K | $580K | -10.8% |
| River Oaks | $512.2K | $330K | -35.6% |
Housing Supply in River Oaks, FL
How many homes are available in River Oaks, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 134 Days | 25 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
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.
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