Is Riverview, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverview is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Riverview was a Seller's 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

$392,327

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,351(+0.6%)

Key Takeaway

Homes in Riverview have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Riverview was $392,327 in November 2024, up 0.6% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$175K
+2.9%
2 $257.5K$257K
-0.2%
3 $335.2K$345.2K
+3.0%
4 $424.9K$424.9K
0%
5+ $529.9K$539K
+1.7%

Summary: Riverview housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Gibsonton
+1.0%
Valrico
+0.9%
Riverview
+0.6%
Palm River-Gibsonton
0.5%
Brandon
0.5%

Housing Supply in Riverview, FL

How many homes are available in Riverview, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8178210.5%

Summary: The Riverview real estate market had 821 homes for sale in November 2024, a 0.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 7280
+11.1%
3 312314
+0.6%
4 319315
-1.3%
5+ 112110
-1.8%

Summary: The Riverview 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 increased by 11.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 1.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
132113-14.4%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

43 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverview, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.

Summary: A total of 113 homes were sold or pending in Riverview in November 2024, down by 14.4% month-over-month. Of the 113 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% 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

Nov 2023Nov 2024CHANGE
41 Days58 Days+40.8%

Summary: Homes in Riverview had an average of 58 days on market in Nov 2024, up by 40.8% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 113 homes were sold in Riverview; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 21% 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 17 Days Ago

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