Is Riverview, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Riverview was a Seller's Market.
Housing Prices in Riverview, FL
How much do homes in Riverview, FL cost?
Median Sold Price
$155,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverview was $155,000 in May 2024, down 2.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $45K | -55.0% |
2 Bedrooms | $126.8K | $127K | 0.2% |
3 Bedrooms | $175K | $160K | -8.6% |
4 Bedrooms | $215K | $222K | +3.3% |
5+ Bedrooms | $300K | $238K | -20.7% |
Summary: Riverview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 44 | +22.2% |
Summary: The Riverview real estate market had 44 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riverview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Riverview in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Riverview, FL
How long does it take to sell a home in Riverview, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 61 Days | +44.4% |
Summary: Homes in Riverview had an average of 61 days on market in May 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Riverview; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.