$2,375 Closing Credit*
$200,000
924 SqFt
3 Beds
•1 Full Bath
ELI ROZIER, Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Is Riverview, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Riverview was a Neutral Market.
Key Takeaway
Riverview is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverview, FL
How much do homes in Riverview, FL cost?
Median Sold Price
$160,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+3.2%)
Key Takeaway
Homes in Riverview have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Riverview was $160,000 in October 2024, up 3.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $120K | +166.7% |
| 2 Bedrooms | $125.9K | $84.5K | -32.9% |
| 3 Bedrooms | $168.6K | $170K | +0.8% |
| 4 Bedrooms | $285K | $251K | -11.9% |
| 5+ Bedrooms | $238K | $495K | +108.0% |
Summary: Riverview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.7%, 2 bedroom homes decreased by 32.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 108%.
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 43 | +26.5% |
Summary: The Riverview real estate market had 43 homes for sale in October 2024, a 26.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverview 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 60%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverview, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Riverview in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Riverview, FL
How long does it take to sell a home in Riverview, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 109 Days | +240.4% |
Summary: Homes in Riverview had an average of 109 days on market in Oct 2024, up by 240.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Riverview are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Riverview; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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