$7,363 Closing Credit*
$620,000
1,392 SqFt
3 Beds
•2 Full Baths
Karen M Coakley, Listing Office: Cummings & Co. Realtors
Is Riverdale Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Riverdale Park was a Seller's Market.
Key Takeaway
Riverdale Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Riverdale Park, MD
How much do homes in Riverdale Park, MD cost?
Median Sold Price
$470,000
$305/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$175,550(-27.2%)
Key Takeaway
Homes in Riverdale Park have sold for 27.2% less than they did a month ago.
Summary: The median home sold price in Riverdale Park was $470,000 in December 2024, down 27.2% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $606K | - | N/A |
| 3 Bedrooms | $641.1K | $470K | -26.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $749.3K | - | N/A |
Summary: Riverdale Park housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Riverdale Park, MD
How many homes are available in Riverdale Park, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Riverdale Park real estate market had 6 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Riverdale Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 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 Riverdale Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Riverdale Park in December 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 46 Days | +338.1% |
Summary: Homes in Riverdale Park had an average of 46 days on market in Dec 2024, up by 338.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Riverdale Park has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Riverdale Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
