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Thursday, October 17, 2024

Riverview home prices fall in November 2020

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The median sale price of a home sold in November 2020 in Riverview fell by $160,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In November 2020, there were six homes sold, with a median sale price of $75,000 - a 68.1% decrease over the $235,000 median sale price for the same period of the previous year. There were nine homes sold in Riverview in November 2019.

The median sales tax in Riverview for the most recent year with available data, 2015, was $986, approximately 1.3% of the median home sale price for November 2020.

The following table compares Riverview to other Kent County cities with similar median sales prices in November 2020:

CityNov. 2020 Home SalesNov. 2019 Home Sales% change (Total Home Sales)Nov. 2020 Median Sales PriceNov. 2019 Median Sales Price% change (Median Sales Price)
Kent Acres34-25%$170,000$127,50033.3%
Milford9650%$164,000$142,50015.1%
Capitol Park10-$125,000$0-
Hartly46-33.3%$117,500$193,750-39.4%
Rodney Village24-50%$116,000$110,0745.4%
Riverview69-33.3%$75,000$235,000-68.1%
Marydel12-50%$59,000$156,000-62.2%
Bishops Corner10-$49,750$0-
Lucky Estates10-$44,900$0-
Bay View Heights110%$39,900$169,000-76.4%
Star Hill Village12-50%$27,500$184,331.50-85.1%

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