Riverhead, NY Foreclosures
How much do homes sell for in Riverhead, NY?
The average home price is currently $729,093.
In Riverhead, NY, how many homes are available?
There are currently 44 active home listings available in Riverhead.
What’s the average rental cost in Riverhead, NY?
The average rental price in Riverhead is $2,335.
What is the most expensive home in Riverhead?
The most expensive home sold in Riverhead had a price of $85,977,040.
What is currently the cheapest priced home in Riverhead, NY?
The cheapest home for sale in Riverhead is priced at $10,961.
Living in Riverhead, NY
Riverhead, NY is a vibrant town in Suffolk County, celebrated for its beautiful landscapes and community spirit. With its mix of suburban charm and access to nature, residents enjoy an active lifestyle supported by local amenities. This area is great for families, offering quality schools and recreational opportunities.
Current Market Conditions in Riverhead, NY
The Riverhead real estate market has shown resilience and gradual growth over the past few years. The demand for housing has increased, particularly among those looking for a balance between a vibrant community and access to beautiful outdoor spaces. As more people are drawn to the area, home values have seen modest appreciation, making it a potential area for investment.
Currently, there is a mix of single-family homes, townhouses, and condos available, catering to a diverse range of buyers. The average days on the market for homes have decreased, indicating a competitive market with a steady stream of buyers.
Home Value Estimator For Riverhead, NY
There are currently 9,819 real estate properties
in Riverhead, NY,
with a median automated valuation model (AVM) price
of $580,106.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Riverhead, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Riverhead, NY,
is $729,093.00, with the most expensive house
in Riverhead, NY, topping out
at $85,977,040.00 and the cheapest home
in Riverhead, NY,
clocking in at $10,961.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Riverhead, NY!
Rent Prices
In Riverhead, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Riverhead, NY, is on
a rollercoaster ride. The
average rent price in Riverhead, NY,
is $2,335.00. Indeed, when looking to rent in
Riverhead, NY, you can expect to pay as little
as $1,120.00 or as much
as $5,900.00,
with the average rent median estimated to
be $2,350.00. The good news is that finding
an affordable and desirable property to rent in Riverhead, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
