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Condo Foreclosures in Riverhead, NY

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Riverhead, NY Foreclosures

How much do homes sell for in Riverhead, NY?
The average home price is currently $727,949.
In Riverhead, NY, how many homes are available?
There are currently 54 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 $84,972,212.
What is currently the cheapest priced home in Riverhead, NY?
The cheapest home for sale in Riverhead is priced at $10,832.

Living in Riverhead, NY

Riverhead, NY is a picturesque town situated on Long Island's North Fork, known for its rich agricultural tradition, vineyards, and scenic waterfront. It offers a family-friendly lifestyle with excellent schools and a variety of outdoor activities. The town's unique attractions, such as the Long Island Aquarium, make it a desirable place to live and visit.

Current Market Conditions in Riverhead, NY

The real estate market in Riverhead has experienced steady growth over the past year, driven by increased demand for homes as more families seek the ideal balance of suburban living and accessibility to New York City. Given its scenic landscapes and community-oriented atmosphere, Riverhead remains an attractive choice for homebuyers.

Current market trends indicate a competitive environment in Riverhead, with prices gradually rising due to limited inventory and high demand. Homes in the area typically receive multiple offers, indicating a strong interest from buyers looking for both permanent residences and vacation homes.

Home Value Estimator For Riverhead, NY

There are currently 9,880 real estate properties in Riverhead, NY, with a median automated valuation model (AVM) price of $581,771.00. 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 $727,949.00, with the most expensive house in Riverhead, NY, topping out at $84,972,212.00 and the cheapest home in Riverhead, NY, clocking in at $10,832.00. 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.

Riverhead, NY Condos

Market Trend for Riverhead, NY

Total Listings Available: 54

Market Values:

Home Prices from $10,832 to $84,972,212

Average Sales Price: $727,949

Rental Values:

Rental from $1,120 to $5,900

Average Rent Value: $2,335 / month

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