$4,263 Closing Credit*
$359,000
1,824 SqFt
3 Beds
•2 Full Baths
Listing Office: Century 21 Limitless
Is Riverside, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Riverside was a Neutral Market.
Key Takeaway
Riverside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverside, RI
How much do homes in Riverside, RI cost?
Median Sold Price
$420,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+9.1%)
Key Takeaway
Homes in Riverside have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Riverside was $420,000 in November 2024, up 9.1% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $255K | -2.9% |
| 2 Bedrooms | $327.5K | $326.5K | -0.3% |
| 3 Bedrooms | $388.5K | $435K | +12.0% |
| 4 Bedrooms | $403K | $441K | +9.4% |
| 5+ Bedrooms | $572K | $545.7K | -4.6% |
Summary: Riverside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Providence | $425K | $489.8K | +15.3% |
| Seekonk | $500K | $559.9K | +12.0% |
| Barrington | $679.5K | $760K | +11.8% |
| Riverside | $385K | $420K | +9.1% |
| East Providence | $390K | $423.7K | +8.6% |
Housing Supply in Riverside, RI
How many homes are available in Riverside, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Riverside real estate market had 49 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 32 | 32 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Riverside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverside, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Riverside in November 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Riverside, RI
How long does it take to sell a home in Riverside, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 29 Days | +69.7% |
Summary: Homes in Riverside had an average of 29 days on market in Nov 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Riverside are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Riverside; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
