$3,206 Closing Credit*
$270,000
1,450 SqFt
3 Beds
•1 Full Bath
TREY HAGINS, Listing Office: ONE REALTY CORP
Is Riverside, 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, Riverside has remained a Seller's Market.
Key Takeaway
Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside, FL
How much do homes in Riverside, FL cost?
Median Sold Price
$413,995
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,495(+3.6%)
Key Takeaway
Homes in Riverside have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Riverside was $413,995 in October 2024, up 3.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.8K | $240K | +8.7% |
| 2 Bedrooms | $345K | $357.5K | +3.6% |
| 3 Bedrooms | $389K | $408K | +4.9% |
| 4 Bedrooms | $526.7K | $552.5K | +4.9% |
| 5+ Bedrooms | $534.5K | $655K | +22.5% |
Summary: Riverside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in Riverside, FL
How many homes are available in Riverside, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 124 | +3.3% |
Summary: The Riverside real estate market had 124 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 52 | 56 | +7.7% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Riverside 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 21 | +133.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Riverside in October 2024, up by 133.3% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Riverside, FL
How long does it take to sell a home in Riverside, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 77 Days | +15.4% |
Summary: Homes in Riverside had an average of 77 days on market in Oct 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Riverside are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 21 homes were sold in Riverside; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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