Is Riverdale, GA 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, Riverdale was a Seller's Market.
Housing Prices in Riverdale, GA
How much do homes in Riverdale, GA cost?
Median Sold Price
$239,600
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Riverdale was $239,600 in May 2024, up 4.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $194.2K | +21.4% |
3 Bedrooms | $222.7K | $232K | +4.1% |
4 Bedrooms | $265.5K | $264.9K | -0.2% |
5+ Bedrooms | $270K | $305K | +13.0% |
Summary: Riverdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 13%.
Housing Supply in Riverdale, GA
How many homes are available in Riverdale, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 283 | +16.9% |
Summary: The Riverdale real estate market had 283 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 127 | 152 | +19.7% |
4 Bedrooms | 85 | 101 | +18.8% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Riverdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 45 | +7.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Riverdale in May 2024, up by 7.1% month-over-month. Of the 42 sold homes, 45% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Riverdale, GA
How long does it take to sell a home in Riverdale, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 26 Days | -32.3% |
Summary: Homes in Riverdale had an average of 26 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Riverdale; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.