$4,572 Closing Credit*
$385,000
1,608 SqFt
2 Beds
•2 Full Baths, 1 Partial
Bryan G Schafer, Listing Office: Next Step Realty
Is Riverside, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Riverside has remained a Seller's Market.
Key Takeaway
Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside, MD
How much do homes in Riverside, MD cost?
Median Sold Price
$388,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+4.9%)
Key Takeaway
Homes in Riverside have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Riverside was $388,000 in October 2024, up 4.9% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $267K | +16.1% |
| 2 Bedrooms | $307K | $331K | +7.8% |
| 3 Bedrooms | $407.5K | $442.5K | +8.6% |
| 4 Bedrooms | $512.2K | $550K | +7.4% |
| 5+ Bedrooms | - | $635K | N/A |
Summary: Riverside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Riverside | $370K | $388K | +4.9% |
| South Baltimore | $350K | $352.5K | +0.7% |
Housing Supply in Riverside, MD
How many homes are available in Riverside, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Riverside real estate market had 45 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverside 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 10%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Riverside in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Riverside, MD
How long does it take to sell a home in Riverside, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 15 Days | -23.1% |
Summary: Homes in Riverside had an average of 15 days on market in Oct 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverside are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Riverside; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
