Is River District, 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, River District was a Seller's Market.
Key Takeaway
River District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in River District, FL
How much do homes in River District, FL cost?
Median Sold Price
$429,900
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in River District have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in River District was $429,900 in May 2024, down 8.9% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213.2K | $207.5K | -2.7% |
| 2 Bedrooms | $365K | $337K | -7.7% |
| 3 Bedrooms | $482.5K | $475K | -1.6% |
| 4 Bedrooms | $635K | $705K | +11.0% |
| 5+ Bedrooms | - | $501.5K | N/A |
Summary: River District housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes did not change.
Housing Supply in River District, FL
How many homes are available in River District, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 97 | +3.2% |
Summary: The River District real estate market had 97 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River District housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River District, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in River District in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for River District, FL
How long does it take to sell a home in River District, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 132 Days | +110.5% |
Summary: Homes in River District had an average of 132 days on market in May 2024, up by 110.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in River District are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in River District; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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