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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Riverside Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Riverside Heights, FL

How much do homes in Riverside Heights, FL cost?

Median Sold Price

$715,000

$402/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,000(-1.4%)

Key Takeaway

Homes in Riverside Heights have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Riverside Heights was $715,000 in November 2024, down 1.4% from last year, and the median price per square foot was $402.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $441.5K$485K
+9.8%
3 $555K$570K
+2.7%
4 $987.4K$1.0M
+7.6%
5+ $1.3M$1.5M
+16.2%

Summary: Riverside Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 16.2%.

Median Sold Price Compared To Nearby Neighborhoods

Tampa Heights
+34.7%
Riverside Heights
-1.4%
South Seminole Heights
-1.9%

Housing Supply in Riverside Heights, FL

How many homes are available in Riverside Heights, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3025-16.7%

Summary: The Riverside Heights real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 108
-20.0%
4 76
-14.3%
5+ 1210
-16.7%

Summary: The Riverside Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverside Heights, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Riverside Heights in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
95 Days51 Days-46.3%

Summary: Homes in Riverside Heights had an average of 51 days on market in Nov 2024, down by 46.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Riverside Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Riverside Heights; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 22 Days Ago

Newest Listings in Riverside Heights, FL

Nearby Markets to Riverside Heights, FL