$6,531 Closing Credit*
$550,000
1,395 SqFt
3 Beds
•2 Full Baths
Courtney Stein, Listing Office: KELLER WILLIAMS ST PETE 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 October 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
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,000(+11.6%)
Key Takeaway
Homes in Riviera Bay have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Riviera Bay was $395,000 in October 2024, up 11.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $135K | -20.6% |
| 2 Bedrooms | $250K | $240K | -4.0% |
| 3 Bedrooms | $525K | $452K | -13.9% |
| 4 Bedrooms | $700K | $620K | -11.4% |
| 5+ Bedrooms | $775K | $1.1M | +48.4% |
Summary: Riviera Bay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 48.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Riviera Bay | $354K | $395K | +11.6% |
| Brighton Bay | $210K | $210K | 0.0% |
Housing Supply in Riviera Bay, FL
How many homes are available in Riviera Bay, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Summary: The Riviera Bay real estate market had 72 homes for sale in October 2024, a 22.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 19 | 31 | +63.2% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Riviera Bay 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 63.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera Bay, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Riviera Bay in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 88 Days | +183.8% |
Summary: Homes in Riviera Bay had an average of 88 days on market in Oct 2024, up by 183.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 October 2024, 7 homes were sold in Riviera Bay; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.