River Road Real Estate Market Continues Downward Trend in Contracts

Over the last 30 days, the River Road market was steady and saw two homes sold. However, the number of pending transactions continued to decline, with a total of zero transactions during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price tumbled to $257,450 over the latest reporting period for River Road, down from $422,762. With only two months of inventory to sell, River Road is a still definite seller's market, even after taking into consideration the falling contracts numbers.

Trying to find a home in River Road that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market:

$405K   $398K   $338K  

Get started right now by checking out River Road homes for sale or reviewing River Road real estate trends.

Demographic facts about River Road:

  • This area has a rating of 73 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $19.31/$1,000.
  • People in this area have a commute time breakdown of: <15 min (40.6%), 15-29 min (43.2%), 30-44 min (10.9%), 45-59 min (1.2%), >60 min (4.2%).

Data reported through 10/12/2016

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Ask a local expert about this area:
Better Homes & Gardens - Bradfield Properties
1 review
The Home Team of America
22 reviews

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