The Rivertown-Warehouse District housing market is not very competitive. The median sale price of a home in Rivertown-Warehouse District was $240K last month, down 14.9% since last year. The median sale price per square foot in Rivertown-Warehouse District is $308, up 47.4% since last year.
Rivertown-Warehouse District Housing Market Trends
What is the housing market like in Rivertown-Warehouse District today?
In March 2024, Rivertown-Warehouse District home prices were down 14.9% compared to last year, selling for a median price of $240K. On average, homes in Rivertown-Warehouse District sell after 190 days on the market compared to 76 days last year. There were 5 homes sold in March this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$240,000
-14.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Rivertown-Warehouse District, MI
$240,000
-14.9%
United States
To compare other locations to the Rivertown-Warehouse District and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Detroit add value to a home.
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How hot is the Rivertown-Warehouse District housing market?
Rivertown-Warehouse District is not very competitive. Homes sell in 76 days.
0
100
4
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 8% below list price and go pending in around 76 days.
Hot homes
can sell for about 3% below list price and go pending in around 24 days.
Learn about schools in the Rivertown-Warehouse District area
Elementary
Middle
High
GreatSchools Rating
5/10
Chrysler Elementary School
Public • PreK-5
125
Students
12 reviews
5/10
Bunche Elementary-Middle School
Public • PreK-8
537
Students
4 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Rivertown-Warehouse District housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Rivertown-Warehouse District.
Risk Factor
Flood Factor - Moderate
29% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Rivertown-Warehouse District has a moderate risk of flooding. 106 properties in Rivertown-Warehouse District are likely to be
severely affected
by flooding over the next 30 years. This represents 29% of all properties in Rivertown-Warehouse District. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Rivertown-Warehouse District has a minor risk of wildfire. There are 3 properties in Rivertown-Warehouse District that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Rivertown-Warehouse District.
Rivertown-Warehouse District has minimal risk of severe winds over the next 30 years
Wind Factor
Rivertown-Warehouse District has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Rivertown-Warehouse District has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Rivertown-Warehouse District have a Moderate Heat Factor®.
Rivertown-Warehouse District is expected to see a 128% increase in the number of days over 95ºF over the next 30 years. Rivertown-Warehouse District is expected to experience 7