$2,968 Closing Credit*
$249,900
840 SqFt
2 Beds
•1 Full Bath
Beverly A Langley, Listing Office: Coldwell Banker Realty
Is Riviera Beach, 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, 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
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 10% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $499.9K | N/A |
| 2 Bedrooms | $326.5K | $355K | +8.7% |
| 3 Bedrooms | $345K | $368.2K | +6.7% |
| 4 Bedrooms | $407K | $422.5K | +3.8% |
| 5+ Bedrooms | $425K | $460K | +8.2% |
Summary: Riviera Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in Riviera Beach, MD
How many homes are available in Riviera Beach, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Riviera Beach real estate market had 48 homes for sale in October 2024, a 6.7% increase 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Riviera Beach 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 decreased by 20%, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riviera Beach, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Riviera Beach in October 2024, down by 13.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +22.5% |
Summary: Homes in Riviera Beach had an average of 15 days on market in Oct 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
11 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 Riviera Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Riviera Beach; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
