$5,878 Closing Credit*
$495,000
1,730 SqFt
2 Beds
•2 Full Baths
Shawn Peters, Listing Office: Chinowth & Cohen
Is Riverview, OK 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, Riverview was a Seller's Market.
Key Takeaway
Riverview is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Riverview, OK
How much do homes in Riverview, OK cost?
Median Sold Price
$225,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,000(-6.3%)
Key Takeaway
Homes in Riverview have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Riverview was $225,000 in October 2024, down 6.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.3K | $119.9K | +12.8% |
| 2 Bedrooms | $228K | $229K | 0.4% |
| 3 Bedrooms | $478.7K | $420K | -12.3% |
| 4 Bedrooms | $525K | $717.5K | +36.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Riverview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown | $109K | $123K | +12.8% |
| Maple Ridge | $547.5K | $610K | +11.4% |
| Riverview | $240K | $225K | -6.3% |
Housing Supply in Riverview, OK
How many homes are available in Riverview, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Riverview real estate market had 24 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Riverview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverview, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Riverview in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Riverview, OK
How long does it take to sell a home in Riverview, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 11 Days | -52.9% |
Summary: Homes in Riverview had an average of 11 days on market in Oct 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
2 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 Riverview are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Riverview; 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.
