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.
Key Takeaway
Riviera Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Riviera Beach have sold for 3.9% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Riviera Beach, you may be able to get a good deal. 68.5% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Riviera Beach are selling fast, if you're buying plan to act quickly.
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.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.