Is Riverside Heights, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverside Heights is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Riverside Heights was a Buyer's Market.

Key Takeaway

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

Housing Prices in Riverside Heights, FL

How much do homes in Riverside Heights, FL cost?

Median Sold Price

$800,000

$405/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,000(+10.3%)

Key Takeaway

Homes in Riverside Heights have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Riverside Heights was $800,000 in October 2024, up 10.3% from last year, and the median price per square foot was $405.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $441.5K$492.4K
+11.5%
3 $560K$575K
+2.7%
4 $975K$1.0M
+10.9%
5+ $1.3M$1.5M
+13.5%

Summary: Riverside Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Neighborhoods

Tampa Heights
+28.3%
Riverside Heights
+10.3%
South Seminole Heights
+1.6%

Housing Supply in Riverside Heights, FL

How many homes are available in Riverside Heights, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3027-10.0%

Summary: The Riverside Heights real estate market had 27 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 78
+14.3%
4 86
-25.0%
5+ 1512
-20.0%

Summary: The Riverside Heights 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside Heights, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Riverside Heights in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Riverside Heights, FL

How long does it take to sell a home in Riverside Heights, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days215 Days+1801.5%

Summary: Homes in Riverside Heights had an average of 215 days on market in Oct 2024, up by 1801.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Riverside Heights; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 13 Days Ago

Newest Listings in Riverside Heights, FL

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