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Friday, January 31, 2025

Riverview home prices fall in October 2018

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The median sale price of a home sold in October 2018 in Riverview fell by $8,947 while total sales increased by 25%, according to BlockShopper.com.

In October 2018, there were five homes sold, with a median sale price of $236,003 - a 3.7% decrease over the $244,950 median sale price for the same period of the previous year. There were four homes sold in Riverview in October 2017.

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 October 2018.

The following table compares Riverview to other Kent County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Hickory Ridge10-$252,000$0-
Brookhaven Estates12-50%$250,000$155,69460.6%
Lakeshore Village10-$247,000$0-
Viola12-50%$246,500$143,50071.8%
Hidden Acres20-$240,500$0-
Riverview5425%$236,003$244,950-3.7%
Bishops Corner3250%$235,000$147,432.5059.4%
Highland Acres73133.3%$234,900$158,50048.2%
Cedarbrook Acres52150%$230,000$214,437.507.3%
Woodfield31200%$230,000$220,0004.5%
Ryans Run13-66.7%$230,000$223,0003.1%

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