Riverview Market Health Report – February 2025

The current real estate market in Riverview presents valuable insights for homeowners considering selling their property. Below, we break down the market trends and what they mean for your home’s value and selling timeline.

Market Overview

• Active Listings: 629 homes are currently on the market.
• Pending Sales: 197 homes are under contract, indicating strong buyer interest.
• Homes Sold: 884 homes have closed in the past six months.

Home Values & Pricing Trends

• Median Active Listing Price: $405,000
• Median Sold Price: $396,950
• Sale-to-List Price Ratio: 100% (homes are generally selling at or near asking price)
• Price Per Square Foot (Sold Homes): $196.20

These numbers suggest a stable market where sellers can expect to achieve their asking price if the home is priced competitively.

Time on Market & Selling Timeline

• Median Days to Contract (Pending Sales): 50 days
• Median Days to Close (Sold Homes): 85 days
• Average Days on Market: 52 days

Homes in Riverview are typically going under contract in just over six weeks, and the full selling process (from listing to closing) takes around three months. If your home is well-priced and marketed effectively, you can expect a relatively smooth and predictable selling timeline.

Key Takeaways for Sellers

• Homes are selling near their asking price – Pricing your home correctly from the start is key.
• Expect a sale within 2-3 months – If priced well, your home should receive offers within six weeks.
• Market demand remains strong – With 197 homes under contract, buyers are actively purchasing properties.

If you’re considering selling your home in Riverview, now is a favorable time. To get the best price and a quick sale, strategic pricing and expert marketing are essential.