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Saturday, November 23, 2024

Riverview home prices rise in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Riverview rose by $43,500 while total sales increased by 21.4%, according to BlockShopper.com.

From July through September of 2018, there were 17 homes sold, with a median sale price of $262,000 - a 19.9% increase over the $218,500 median sale price for the same period of the previous year. There were 14 homes sold in Riverview in the third quarter of 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 the third quarter of 2018.

The following table compares Riverview to other Kent County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Brenford440%$285,000$232,50022.6%
Voshell Cove220%$279,950$172,40062.4%
Hickory Ridge5425%$272,000$336,000-19%
Hammville3250%$270,000$140,009.5092.8%
Woods Haven14-75%$265,000$181,50046%
Riverview171421.4%$262,000$218,50019.9%
Big Oak Corners110%$254,900$256,900-0.8%
Planters Woods13-66.7%$247,000$35,800589.9%
Clayton665813.8%$242,450$223,6608.4%
Brookhaven Estates14-75%$241,000$229,9504.8%
Garrison Lake Green550%$240,000$250,000-4%

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