$6,828 Closing Credit*
$575,000
2,984 SqFt
6 Beds
•2 Full Baths
SHALVA DAUTASHVILI, Listing Office: FLORIDA HOMES REALTY & MTG LLC
Is Riverside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Riverside was a Seller's Market.
Key Takeaway
Riverside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverside, FL
How much do homes in Riverside, FL cost?
Median Sold Price
$409,250
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,750(+3.7%)
Key Takeaway
Homes in Riverside have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Riverside was $409,250 in November 2024, up 3.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.8K | $240K | +8.7% |
| 2 Bedrooms | $350K | $355K | +1.4% |
| 3 Bedrooms | $389K | $393.5K | +1.2% |
| 4 Bedrooms | $525K | $530K | +1.0% |
| 5+ Bedrooms | $606.2K | $640K | +5.6% |
Summary: Riverside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in Riverside, FL
How many homes are available in Riverside, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 116 | -1.7% |
Summary: The Riverside real estate market had 116 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 56 | 51 | -8.9% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Riverside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Riverside in November 2024, down by 50.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 65 Days | -9.8% |
Summary: Homes in Riverside had an average of 65 days on market in Nov 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Riverside; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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