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Saturday, November 16, 2024

Riverview home prices fall in the third quarter of 2019

Realestate2

The median sale price of a home sold in the third quarter of 2019 in Riverview fell by $40,000 while total sales decreased by 58.8%, according to BlockShopper.com.

From July through September of 2019, there were seven homes sold, with a median sale price of $222,000 - a 15.3% decrease over the $262,000 median sale price for the same period of the previous year. There were 17 homes sold in Riverview in the third quarter of 2018.

The median sales tax in Riverview for the most recent year with available data, 2015, was $986, approximately 0.4% of the median home sale price for the third quarter of 2019.

The following table compares Riverview to other Kent County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Voshell Mill41300%$226,738$322,000-29.6%
Bethel21100%$224,500$181,00024%
Felton645516.4%$223,950$232,500-3.7%
Star Hill24-50%$223,206$53,400318%
Chimney Hill39-66.7%$223,000$212,0005.2%
Riverview717-58.8%$222,000$262,000-15.3%
Hammville13-66.7%$219,500$270,000-18.7%
Church Creek12-50%$210,000$231,200-9.2%
Wynn Wood15-80%$210,000$200,0005%
Ryans Run34-25%$210,000$189,05011.1%
Milford2228-21.4%$207,500$151,649.5036.8%

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