Is Riverdale, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Riverdale is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Riverdale has remained a Seller's Market.

Key Takeaway

Riverdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Riverdale, GA

How much do homes in Riverdale, GA cost?

Median Sold Price

$238,944

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,087(+2.6%)

Key Takeaway

Homes in Riverdale have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Riverdale was $238,944 in November 2024, up 2.6% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $179K$190K
+6.1%
3 $225K$230K
+2.2%
4 $264.9K$256K
-3.4%
5+ $298.7K$277.5K
-7.1%

Summary: Riverdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 7.1%.

Housing Supply in Riverdale, GA

How many homes are available in Riverdale, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3153160.3%

Summary: The Riverdale real estate market had 316 homes for sale in November 2024, a 0.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1510
-33.3%
3 180186
+3.3%
4 104100
-3.8%
5+ 1519
+26.7%

Summary: The Riverdale 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 decreased by 33.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5657+1.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Riverdale, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Riverdale in November 2024, up by 1.8% month-over-month. Of the 54 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for Riverdale, GA

How long does it take to sell a home in Riverdale, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days70 Days+170.8%

Summary: Homes in Riverdale had an average of 70 days on market in Nov 2024, up by 170.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Riverdale has remained consistent over time.

Summary: During November 2024, 57 homes were sold in Riverdale; 21% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 28% 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 2 Days Ago

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