Is Riviera Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Riviera Beach was a Seller's Market.
Housing Prices in Riviera Beach, FL
How much do homes in Riviera Beach, FL cost?
Median Sold Price
$386,800
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riviera Beach was $386,800 in April 2024, down 6.7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $270K | -1.8% |
2 Bedrooms | $578K | $430K | -25.6% |
3 Bedrooms | $353.3K | $365K | +3.3% |
4 Bedrooms | $435K | $388K | -10.8% |
5+ Bedrooms | $677.5K | $505K | -25.5% |
Summary: Riviera Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 25.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 25.5%.
Median Sold Price Compared To Nearby Cities
Lake Park | $325K | $405K | +24.6% |
North Palm Beach | $452.2K | $531.6K | +17.6% |
Palm Beach Gardens | $631.4K | $715.4K | +13.3% |
West Palm Beach | $374.8K | $386.2K | +3.1% |
Riviera Beach | $414.5K | $386.8K | -6.7% |
Housing Supply in Riviera Beach, FL
How many homes are available in Riviera Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 420 | +11.4% |
Summary: The Riviera Beach real estate market had 420 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 173 | 200 | +15.6% |
3 Bedrooms | 132 | 145 | +9.8% |
4 Bedrooms | 43 | 42 | -2.3% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Riviera Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Riviera Beach in April 2024, down by 10.0% month-over-month. Of the 36 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for Riviera Beach, FL
How long does it take to sell a home in Riviera Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 62 Days | -2.8% |
Summary: Homes in Riviera Beach had an average of 62 days on market in Apr 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Riviera Beach; 53% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.