$4,217 Closing Credit*
$355,100
2,501 SqFt
4 Beds
•2 Full Baths
Janet L. Campbell, Listing Office: Hunt Real Estate ERA/Columbus
Is Riga, NY 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, Riga has remained a Seller's Market.
Key Takeaway
Riga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riga, NY
How much do homes in Riga, NY cost?
Median Sold Price
$275,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+10.0%)
Key Takeaway
Homes in Riga have sold for 10% more than they did a year ago.
Summary: The median home sold price in Riga was $275,000 in November 2024, up 10% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156K | $212K | +35.9% |
| 3 Bedrooms | $245K | $266K | +8.6% |
| 4 Bedrooms | $265K | $295K | +11.3% |
| 5+ Bedrooms | $350K | $400K | +14.3% |
Summary: Riga 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 35.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Wheatland | $180K | $265.7K | +47.6% |
| North Chili | $279K | $315K | +12.9% |
| Riga | $250K | $275K | +10.0% |
| Churchville | $278.6K | $284.2K | +2.0% |
| Ogden | $275K | $270K | -1.8% |
Housing Supply in Riga, NY
How many homes are available in Riga, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Riga real estate market had 9 homes for sale in November 2024, a 18.2% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riga 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Riga, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Riga in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Riga, NY
How long does it take to sell a home in Riga, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 16 Days | +182.4% |
Summary: Homes in Riga had an average of 16 days on market in Nov 2024, up by 182.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riga are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Riga; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
