$2,019 Closing Credit*
$170,000
1,450 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jan L Gaddis, Listing Office: Gap Realty Group, LLC
Is Riverview, MI 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, Riverview has remained a Seller's Market.
Key Takeaway
Riverview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverview, MI
How much do homes in Riverview, MI cost?
Median Sold Price
$211,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,750(+8.6%)
Key Takeaway
Homes in Riverview have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Riverview was $211,500 in November 2024, up 8.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167.5K | $195K | +16.4% |
| 3 Bedrooms | $179.9K | $189.5K | +5.3% |
| 4 Bedrooms | $287.5K | $335K | +16.5% |
| 5+ Bedrooms | $299.5K | $355K | +18.5% |
Summary: Riverview 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 16.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Southgate | $180K | $200K | +11.1% |
| Riverview | $194.7K | $211.5K | +8.6% |
| Grosse Ile Township | $348K | $370K | +6.3% |
| Wyandotte | $180K | $190K | +5.6% |
| Trenton | $228.1K | $232.5K | +1.9% |
Housing Supply in Riverview, MI
How many homes are available in Riverview, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Riverview real estate market had 25 homes for sale in November 2024, a 16.7% 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Riverview 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 decreased by 75%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 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 Riverview, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Riverview in November 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Riverview, MI
How long does it take to sell a home in Riverview, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +30.8% |
Summary: Homes in Riverview had an average of 19 days on market in Nov 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverview are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Riverview; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
