$4,749 Closing Credit*
$399,900
900 SqFt
3 Beds
•1 Full Bath
Lan Yin, Listing Office: LuxManor Real Estate, Inc
Is Riverdale Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Riverdale Park has remained a Seller's Market.
Key Takeaway
Riverdale Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverdale Park, MD
How much do homes in Riverdale Park, MD cost?
Median Sold Price
$585,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$87,500(+17.6%)
Key Takeaway
Homes in Riverdale Park have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Riverdale Park was $585,000 in November 2024, up 17.6% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $535K | $575K | +7.5% |
| 3 Bedrooms | $465K | $508.7K | +9.4% |
| 4 Bedrooms | $508.5K | $665K | +30.8% |
| 5+ Bedrooms | $580K | $664.5K | +14.6% |
Summary: Riverdale Park 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 7.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Riverdale Park | $497.5K | $585K | +17.6% |
| Greenbelt | $230K | $247.3K | +7.5% |
| College Park | $429.9K | $462K | +7.5% |
Housing Supply in Riverdale Park, MD
How many homes are available in Riverdale Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Riverdale Park real estate market had 10 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Riverdale Park 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riverdale Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Riverdale Park in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Riverdale Park, MD
How long does it take to sell a home in Riverdale Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 10 Days | -66.3% |
Summary: Homes in Riverdale Park had an average of 10 days on market in Nov 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverdale Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Riverdale Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
