$4,097 Closing Credit*
$345,000
1,921 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tracy Nickerson, PA, Listing Office: BHHS FLORIDA PROPERTIES GROUP
Is River Ridge, 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 Ridge has remained a Seller's Market.
Key Takeaway
River Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in River Ridge, FL
How much do homes in River Ridge, FL cost?
Median Sold Price
$340,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-5.6%)
Key Takeaway
Homes in River Ridge have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in River Ridge was $340,000 in October 2024, down 5.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.7K | $174K | +11.7% |
| 2 Bedrooms | $235.5K | $282.5K | +20.0% |
| 3 Bedrooms | $364K | $350K | -3.8% |
| 4 Bedrooms | $475K | $425K | -10.5% |
| 5+ Bedrooms | $460K | $516K | +12.2% |
Summary: River Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hidden Lakes | $434.5K | $480K | +10.5% |
| River Ridge | $360K | $340K | -5.6% |
| Moon Lake | $212.5K | $190K | -10.6% |
Housing Supply in River Ridge, FL
How many homes are available in River Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Summary: The River Ridge real estate market had 45 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River Ridge 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 80%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Ridge, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in River Ridge in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for River Ridge, FL
How long does it take to sell a home in River Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 66 Days | +129.7% |
Summary: Homes in River Ridge had an average of 66 days on market in Oct 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in River Ridge has remained consistent over time.
Summary: During October 2024, 10 homes were sold in River Ridge; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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