$5,641 Closing Credit*
$475,000
1,432 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer R Wolff, Listing Office: Real Estate Professionals, Inc.
Is Riviera Beach, 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, Riviera Beach has remained a Seller's Market.
Key Takeaway
Riviera Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riviera Beach, MD
How much do homes in Riviera Beach, MD cost?
Median Sold Price
$385,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+10.0%)
Key Takeaway
Homes in Riviera Beach have sold for 10% more than they did a year ago.
Summary: The median home sold price in Riviera Beach was $385,000 in November 2024, up 10% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $499.9K | N/A |
| 2 Bedrooms | $331.5K | $364.5K | +10.0% |
| 3 Bedrooms | $345K | $366.2K | +6.2% |
| 4 Bedrooms | $432K | $420K | -2.8% |
| 5+ Bedrooms | $427.5K | $460K | +7.6% |
Summary: Riviera Beach 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 10%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Riviera Beach, MD
How many homes are available in Riviera Beach, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The Riviera Beach real estate market had 45 homes for sale in November 2024, a 2.2% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Riviera Beach 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 increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera Beach, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Riviera Beach in November 2024, the same as the previous month. Of the 16 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Riviera Beach, MD
How long does it take to sell a home in Riviera Beach, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -26.6% |
Summary: Homes in Riviera Beach had an average of 17 days on market in Nov 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riviera Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Riviera Beach; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
