$2,375 Closing Credit*
$199,999
2,256 SqFt
4 Beds
•2 Full Baths
Danielle Crane, Listing Office: 716 Realty Group WNY LLC
Is Riverside Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Riverside Park was a Buyer's Market.
Key Takeaway
Riverside Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside Park, NY
How much do homes in Riverside Park, NY cost?
Median Sold Price
$170,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+16.4%)
Key Takeaway
Homes in Riverside Park have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Riverside Park was $170,000 in October 2024, up 16.4% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92.5K | $132K | +42.7% |
| 3 Bedrooms | $133K | $152.5K | +14.7% |
| 4 Bedrooms | $162.5K | $165K | +1.5% |
| 5+ Bedrooms | $180K | $199.5K | +10.8% |
Summary: Riverside Park 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 42.7%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Black Rock | $119.9K | $140K | +16.8% |
| Riverside Park | $146K | $170K | +16.4% |
Housing Supply in Riverside Park, NY
How many homes are available in Riverside Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Summary: The Riverside Park real estate market had 52 homes for sale in October 2024, a 14.8% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Riverside Park 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 66.7%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside Park, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Riverside Park in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Riverside Park, NY
How long does it take to sell a home in Riverside Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 21 Days | -45.3% |
Summary: Homes in Riverside Park had an average of 21 days on market in Oct 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
7 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 Riverside Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Riverside Park; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
