$5,166 Closing Credit*
$435,000
1,968 SqFt
2 Beds
•3 Full Baths, 1 Partial
John R Murrow, Listing Office: Corner House Realty
Is Riverside, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Riverside was a Buyer'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
$381,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+2.4%)
Key Takeaway
Homes in Riverside have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Riverside was $381,500 in November 2024, up 2.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $267K | +16.1% |
| 2 Bedrooms | $312.5K | $330K | +5.6% |
| 3 Bedrooms | $405K | $425K | +4.9% |
| 4 Bedrooms | $497.2K | $550K | +10.6% |
| 5+ Bedrooms | - | $635K | N/A |
Summary: Riverside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Baltimore | $350K | $358.7K | +2.5% |
| Riverside | $372.5K | $381.5K | +2.4% |
Housing Supply in Riverside, MD
How many homes are available in Riverside, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The Riverside real estate market had 48 homes for sale in November 2024, a 11.6% increase 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 | 19 | 22 | +15.8% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverside 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 increased by 15.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Riverside in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 30 Days | -60.1% |
Summary: Homes in Riverside had an average of 30 days on market in Nov 2024, down by 60.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 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 November 2024, 10 homes were sold in Riverside; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
