Is Riviera Beach, 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, 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
$389,044
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riviera Beach was $389,044 in May 2024, down 3.9% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $248K | -35.6% |
2 Bedrooms | $520K | $475K | -8.7% |
3 Bedrooms | $355K | $365K | +2.8% |
4 Bedrooms | $435K | $388K | -10.8% |
5+ Bedrooms | $677.5K | $530K | -21.8% |
Summary: Riviera Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Cities
Lake Park | $320K | $410K | +28.1% |
North Palm Beach | $460K | $551.6K | +19.9% |
Palm Beach Gardens | $638.4K | $709.8K | +11.2% |
West Palm Beach | $360.1K | $394.6K | +9.6% |
Riviera Beach | $405K | $389K | -3.9% |
Housing Supply in Riviera Beach, FL
How many homes are available in Riviera Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
389 | 413 | +6.2% |
Summary: The Riviera Beach real estate market had 413 homes for sale in May 2024, a 6.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 21 | +10.5% |
2 Bedrooms | 185 | 192 | +3.8% |
3 Bedrooms | 132 | 147 | +11.4% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Riviera Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 54 | +20.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Riviera Beach in May 2024, up by 20.0% month-over-month. Of the 54 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 38 Days | -28.4% |
Summary: Homes in Riviera Beach had an average of 38 days on market in May 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 54 homes were sold in Riviera Beach; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.