The Riverside housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 50.4% in the past month alone. With 6.0 months of supply, Riverside's inventory levels remain relatively tight. Homes are taking about 41 days to sell, which is NaN days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Riverside market with the affordability index at 965.6. Based on current market indicators, home prices in Riverside are projected to decrease by approximately 3.4% over the next month.
Riverside, AL has a total population of 2,095 residents. The area is predominantly White (71.8%), African American residents comprise 16.4% of the community. with Asian residents representing 4.7%. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Riverside, AL.
Crime analysis for Riverside, AL shows 6 total incidents across all categories. The most prevalent crime type is Assault (83.3% of all incidents). This is followed by Property Crime at 16.7%. The crime rate in Riverside, AL is very low, with violent crimes being more common than property crimes. This suggests Riverside, AL is generally a safe area for residents and visitors.
Market predictions for Riverside, AL show an upward trend in home prices, with values increasing by 2.9%. This suggests a gradual price adjustment in the market. The current median home price in Riverside, AL is approximately $405,297.857. The stable price trend suggests a balanced market in Riverside, AL, suitable for both buyers and sellers.
Investment hotspot data for Riverside, AL is currently unavailable.
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