Riverside, CT 06878 Real Estate Market Report

ZIP Code: 06878
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The Riverside, CT real estate market is currently characterized by a median sold price of $2,495,000, reflecting a strong demand and significant price appreciation. The market has shown an upward trend, with prices increasing year-over-year, contributing to a hot market temperature. This environment suggests that homes are selling quickly, often above asking price, driven by limited inventory and robust buyer interest.

Despite the elevated demand, the median days on market stands at 379 days, indicating a slower sales velocity. This extended timeframe may suggest some pricing friction, as buyers take longer to make purchasing decisions in a competitive landscape. The current market conditions, combined with a median market rent of $4,430, indicate a strong rental demand, although the divergence in rental trends may warrant further observation.

---

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

Note: 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

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

---

Key Findings

1. The median sold price of $2,495,000 indicates a strong market with significant price appreciation.

2. Sales activity appears moderate, with median days on market at 379 days, suggesting slower transaction velocity.

3. The market temperature is classified as hot, indicating strong buyer competition and elevated demand.

4. Median market rent is at $4,430, reflecting robust rental demand in the area.

5. Price trends are up year-over-year, reinforcing the strength of the Riverside market.

---

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.