Is North Riverdale, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Riverdale is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, North Riverdale has remained a Buyer's Market.

Key Takeaway

North Riverdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Riverdale, NY

How much do homes in North Riverdale, NY cost?

Median Sold Price

$325,000

$311/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in North Riverdale has remained the same since last year.

Summary: The median home sold price in North Riverdale was $325,000 in October 2024, the same as last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227.5K$225.5K
-0.9%
2 $313K$360K
+15.0%
3 $742.5K$595K
-19.9%
4 $897.5K$1.0M
+11.6%
5+ $1.1M$1.3M
+17.8%

Summary: North Riverdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Neighborhoods

Riverdale
+1.4%
North Riverdale
0.0%
Northwest Bronx
-0.2%

Housing Supply in North Riverdale, NY

How many homes are available in North Riverdale, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8880-9.1%

Summary: The North Riverdale real estate market had 80 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4034
-15.0%
2 2828
0.0%
3 87
-12.5%
4 44
0.0%
5+ 87
-12.5%

Summary: The North Riverdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Riverdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North Riverdale in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for North Riverdale, NY

How long does it take to sell a home in North Riverdale, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
159 Days65 Days-58.8%

Summary: Homes in North Riverdale had an average of 65 days on market in Oct 2024, down by 58.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Riverdale has remained consistent over time.

Summary: During October 2024, 8 homes were sold in North Riverdale; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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