$5,641 Closing Credit*
$475,000
2,250 SqFt
3 Beds
•1 Full Bath
Listing Office: Signature Premier Properties
Is Riverhead, 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, Riverhead has remained a Seller's Market.
Key Takeaway
Riverhead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverhead, NY
How much do homes in Riverhead, NY cost?
Median Sold Price
$576,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,833(+2.3%)
Key Takeaway
Homes in Riverhead have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Riverhead was $576,000 in November 2024, up 2.3% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382K | $422.5K | +10.6% |
| 2 Bedrooms | $422.5K | $433K | +2.5% |
| 3 Bedrooms | $573K | $585K | +2.1% |
| 4 Bedrooms | $720K | $785K | +9.0% |
| 5+ Bedrooms | $725.7K | $849K | +17.0% |
Summary: Riverhead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Brookhaven | $488.8K | $547.5K | +12.0% |
| Riverhead | $563.1K | $576K | +2.3% |
| Southold | $1.0M | $999.5K | -0.7% |
Housing Supply in Riverhead, NY
How many homes are available in Riverhead, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 191 | 167 | -12.6% |
Summary: The Riverhead real estate market had 167 homes for sale in November 2024, a 12.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 63 | 56 | -11.1% |
| 3 Bedrooms | 65 | 55 | -15.4% |
| 4 Bedrooms | 44 | 39 | -11.4% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Riverhead 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 11.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverhead, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Riverhead in November 2024, down by 2.6% month-over-month. Of the 38 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Riverhead, NY
How long does it take to sell a home in Riverhead, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 86 Days | 65 Days | -24.0% |
Summary: Homes in Riverhead had an average of 65 days on market in Nov 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverhead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 38 homes were sold in Riverhead; 39% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.