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
Since last year, Riverview has remained a Seller's Market.
Key Takeaway
Riverview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Riverview, FL
How much do homes in Riverview, FL cost?
Median Sold Price
$396,836
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Riverview have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Riverview was $396,836 in May 2024, up 1.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $185K | +25.0% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $340K | $345K | +1.5% |
| 4 Bedrooms | $432.3K | $429.9K | -0.6% |
| 5+ Bedrooms | $507.4K | $570K | +12.3% |
Summary: Riverview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Riverview | $389.6K | $396.8K | +1.8% |
| Brandon | $365K | $371.4K | +1.8% |
| Palm River-Gibsonton | $330.3K | $334.4K | +1.2% |
| Valrico | $424K | $425K | 0.2% |
| Gibsonton | $345K | $334.2K | -3.1% |
Housing Supply in Riverview, FL
How many homes are available in Riverview, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 973 | 992 | +2.0% |
Summary: The Riverview real estate market had 992 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 67 | 64 | -4.5% |
| 3 Bedrooms | 383 | 377 | -1.6% |
| 4 Bedrooms | 368 | 398 | +8.2% |
| 5+ Bedrooms | 153 | 151 | -1.3% |
Summary: The Riverview 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 decreased by 4.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 1.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 209 | 225 | +7.7% |
Asking Price vs. Sold Price
115 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Riverview, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 225 homes were sold or pending in Riverview in May 2024, up by 7.7% month-over-month. Of the 225 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% 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 |
|---|---|---|
| 49 Days | 41 Days | -14.8% |
Summary: Homes in Riverview had an average of 41 days on market in May 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Riverview are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 225 homes were sold in Riverview; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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