$4,720 Closing Credit*
$397,500
1,935 SqFt
4 Beds
•2 Full Baths
Jennifer Fieo, Listing Office: RE/MAX REALTY UNLIMITED
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 Seller's Market.
Key Takeaway
Riverview 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 Riverview, FL
How much do homes in Riverview, FL cost?
Median Sold Price
$395,708
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,445(+1.7%)
Key Takeaway
Homes in Riverview have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Riverview was $395,708 in October 2024, up 1.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $175K | +2.9% |
| 2 Bedrooms | $258.2K | $255K | -1.3% |
| 3 Bedrooms | $335K | $346.9K | +3.6% |
| 4 Bedrooms | $422.7K | $425K | 0.5% |
| 5+ Bedrooms | $520K | $549.4K | +5.7% |
Summary: Riverview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Riverview | $389.2K | $395.7K | +1.7% |
| Gibsonton | $330K | $334.5K | +1.4% |
| Valrico | $419.9K | $424.9K | +1.2% |
| Brandon | $368.2K | $370K | 0.5% |
| Palm River-Gibsonton | $330K | $330.2K | 0.1% |
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 880 | 837 | -4.9% |
Summary: The Riverview real estate market had 837 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 75 | 75 | 0.0% |
| 3 Bedrooms | 336 | 318 | -5.4% |
| 4 Bedrooms | 339 | 327 | -3.5% |
| 5+ Bedrooms | 129 | 115 | -10.9% |
Summary: The Riverview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 10.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 126 | -8.0% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverview, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 126 homes were sold or pending in Riverview in October 2024, down by 8.0% month-over-month. Of the 126 sold homes, 56% were sold under asking, 34% were sold at asking, and 10% 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 |
|---|---|---|
| 34 Days | 53 Days | +55.2% |
Summary: Homes in Riverview had an average of 53 days on market in Oct 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Riverview has remained consistent over time.
Summary: During October 2024, 126 homes were sold in Riverview; 37% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.