Riverside, CT 06878 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 3,856,000 is the median sold price, establishing the primary indicator of market value and confirming that recent transactions are concentrated at a high price tier in Riverside, CT.
2. 440 median days on market suggests slower sales velocity and notable pricing friction; this longer holding period appears inconsistent with a purely liquid market and may indicate that buyers are selective despite elevated price levels.
3. 815 median price per square foot combined with a hot market temperature and a price year-over-year trend of up suggests strong per-square-foot pricing power for recent closed sales in the sample.
4. Median market rent of 6,500 and rent year-over-year trend of up indicate strengthening rental demand alongside for-sale price appreciation, while interest rate pressure remains moderate—current 30-year fixed mortgage rates are approximately 6.63%, which may temper some buyer urgency and support a buy-now-refinance-later behavior pattern.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.