Is Riverfront Estates, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverfront Estates is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Riverfront Estates has remained a Seller's Market.

Key Takeaway

Riverfront Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverfront Estates, FL

How much do homes in Riverfront Estates, FL cost?

Median Sold Price

$331,977

$197/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$72,977(+28.2%)

Key Takeaway

Homes in Riverfront Estates have sold for 28.2% more than they did a month ago.

Summary: The median home sold price in Riverfront Estates was $331,977 in September 2024, up 28.2% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $259K$259K
0.0%
4 $390K$428.2K
+9.8%
5+ --
N/A

Summary: Riverfront Estates housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes did not change.

Housing Supply in Riverfront Estates, FL

How many homes are available in Riverfront Estates, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3334+3.0%

Summary: The Riverfront Estates real estate market had 34 homes for sale in September 2024, a 3.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2323
0.0%
4 99
0.0%
5+ 12
+100.0%

Summary: The Riverfront Estates housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverfront Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Riverfront Estates in September 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Riverfront Estates, FL

How long does it take to sell a home in Riverfront Estates, FL?

Average Sale Time

Aug 2024Sep 2024CHANGE
96 Days78 Days-18.8%

Summary: Homes in Riverfront Estates had an average of 78 days on market in Sep 2024, down by 18.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Riverfront Estates; 33% of homes were sold within 30 days, 0% 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 Sep 1, 2024

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