$8,491 Closing Credit*
$715,000
2,004 SqFt
3 Beds
•2 Full Baths
Brad Bess, Listing Office: COLDWELL BANKER REALTY
Is Riviera Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Riviera Bay was a Seller's Market.
Key Takeaway
Riviera Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riviera Bay, FL
How much do homes in Riviera Bay, FL cost?
Median Sold Price
$395,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+12.9%)
Key Takeaway
Homes in Riviera Bay have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Riviera Bay was $395,000 in November 2024, up 12.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $135K | -20.6% |
| 2 Bedrooms | $247.5K | $243.5K | -1.6% |
| 3 Bedrooms | $519.7K | $505K | -2.8% |
| 4 Bedrooms | $741.2K | $618.5K | -16.6% |
| 5+ Bedrooms | $775K | $1.1M | +48.4% |
Summary: Riviera Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 48.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Riviera Bay | $350K | $395K | +12.9% |
| Brighton Bay | $211K | $222.5K | +5.5% |
| Caya Costa | $558.7K | $560K | 0.2% |
Housing Supply in Riviera Bay, FL
How many homes are available in Riviera Bay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 95 | +39.7% |
Summary: The Riviera Bay real estate market had 95 homes for sale in November 2024, a 39.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 23 | 40 | +73.9% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Riviera Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 73.9%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera Bay, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Riviera Bay in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Riviera Bay, FL
How long does it take to sell a home in Riviera Bay, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 11 Days | -48.0% |
Summary: Homes in Riviera Bay had an average of 11 days on market in Nov 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riviera Bay are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Riviera Bay; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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