Riverside 2021 Review
2021 was a frustrating year for homebuyers in Riverside as they saw homes in this culture-filled community.
Of the 282 Riverside homes sold in this community during 2021, only 138 were on the market for longer than 30 days. That's less than the 149 homes which were off the market within 30 days of the listing going active.
The 12-month change in list price for the neighborhood is + 34.8% at over $457,000. the highest home sold for $1,900,000 and included 5,240 sq ft with 5 bedrooms and 5 bathrooms along the St Johns River off St Johns Ave. The lowest-priced home not in rehab condition sold for around $180,000.
The Median home sold was between $350,000 and $400,000 which was close to $225 per sq ft. The majority of the homes sold were over 75 years old which makes perfect sense since this is a historic area. The limited amount of condos in the neighborhood compared to homes sold between $175,000 and up to $1,600,000 along the riverfront.
With a population growth of almost 25%, it's hard to imagine the prices don't continue to skyrocket in 2022 as people are flocking to this amazing community. While the education quality of this neighborhood isn't the best in North Florida, it has the best location in Jacksonville with access to nightlife and culture like the Cummer Museum of Art & Gardens.
Cory Weikel Realtor
Florida Homes Realty and Mortgage