$6,828 Closing Credit*
$575,000
788 SqFt
1 Bed
•1 Full Bath
#1030453, Alena Knoepfler, Listing Office: Florida Homes Rlty. & Mtg. LLC
Is Riviera Beach, 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 Beach was a Seller's Market.
Key Takeaway
Riviera Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riviera Beach, FL
How much do homes in Riviera Beach, FL cost?
Median Sold Price
$397,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,900(-2.7%)
Key Takeaway
Homes in Riviera Beach have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Riviera Beach was $397,500 in October 2024, down 2.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $258.9K | -5.9% |
| 2 Bedrooms | $538.5K | $525K | -2.5% |
| 3 Bedrooms | $364K | $367.5K | +1.0% |
| 4 Bedrooms | $420K | $419.2K | -0.2% |
| 5+ Bedrooms | $530K | $421K | -20.6% |
Summary: Riviera Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
| North Palm Beach | $486.3K | $571K | +17.4% |
| Lake Park | $375K | $410K | +9.3% |
| Palm Beach Gardens | $666.7K | $717.1K | +7.5% |
| West Palm Beach | $374.1K | $395.6K | +5.8% |
| Riviera Beach | $408.4K | $397.5K | -2.7% |
Housing Supply in Riviera Beach, FL
How many homes are available in Riviera Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 322 | 363 | +12.7% |
Summary: The Riviera Beach real estate market had 363 homes for sale in October 2024, a 12.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 170 | 185 | +8.8% |
| 3 Bedrooms | 104 | 122 | +17.3% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Riviera Beach 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 8.8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera Beach, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Riviera Beach in October 2024, down by 13.3% month-over-month. Of the 26 sold homes, 58% were sold under asking, 35% were sold at asking, and 8% were sold over asking.
Days on Market for Riviera Beach, FL
How long does it take to sell a home in Riviera Beach, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +61.3% |
Summary: Homes in Riviera Beach had an average of 57 days on market in Oct 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riviera Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Riviera Beach; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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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.
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.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.