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Kent County Today

Wednesday, November 6, 2024

The fourth quarter of 2020: Riverview experienced a 44.9% increase in median home prices

Realestate1

The median sale price of a home sold in the fourth quarter of 2020 in Riverview rose by $91,950 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2020, there were 12 homes sold, with a median sale price of $296,950 - a 44.9% increase over the $205,000 median sale price for the same period of the previous year. There were 20 homes sold in Riverview in the fourth quarter of 2019.

The median sales tax in Riverview for the most recent year with available data, 2015, was $986, approximately 0.3% of the median home sale price for the fourth quarter of 2020.

The following table compares Riverview to other Kent County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Woodside31200%$313,500$165,00090%
Bishops Corner31200%$309,000$175,00076.6%
Rising Sun-Lebanon232015%$308,910$301,7002.4%
Clayton675619.6%$308,112$278,933.5010.5%
Eagles Nest440%$307,000$236,50029.8%
Riverview1220-40%$296,950$205,00044.9%
Ryans Run71600%$296,000$222,75032.9%
Hunters Ridge31200%$288,500$210,00037.4%
Lakeshore Village41300%$288,000$264,9008.7%
Highland Acres151315.4%$285,000$199,00043.2%
Church Creek220%$284,000$301,500-5.8%

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