Photo: Quintin Soloviev · CC BY 4.0106 homes sold in Riverhead in the last year, at a typical $573K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Riverhead homes are listed.
Every place Riverhead homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Riverhead.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
29% of Riverhead’s sales are condos, at $46K less than a house
73 houses and 31 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 73 sold in 12 months
- Per square foot
- $416NY $316
- Days to sell
- 41
- Sold over asking
- 48%
- Listings with a price cut
- 21%
typical sale · 31 sold in 12 months
- Per square foot
- $369NY $832
- Days to sell
- 43
- Sold over asking
- 35%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 2 sold, typical $943K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
106 sales in the last year, against 168 in 2021 and a low of 101 in 2014. The typical sale went from $308K in 2016 to $573K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Riverhead
Check a listing against what Riverhead homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Riverhead are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Riverhead’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 106 sales.
If you’re buying in Riverhead
- Shop in March. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- You can negotiate. 19% of listings have cut their price, against 12% before the pandemic.
- Bid near asking. Buyers paid 100.2% of the list price on average; 44% paid over.
- You’ll usually have time. Only 9% of homes go under contract within two weeks; the typical one takes 39 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 17 a month), but June is the most competitive: 33% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (20%). March has the least competition (20%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like New York as a whole
| Riverhead now | 2017–19 | 2021 peak | NY now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 44% | 17% | 36% | 41% |
| Gone within two weeksShare of homes under contract within 14 days | 9% | 4% | 9% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 19% | 12% | 10% | 20% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 97.6% | 99.4% | 101% |
| Days to sellMedian days from listing to contract | 39 | 73 | 39 | 41 |
25 homes for sale on a typical day
That’s 58% fewer than in 2017–19 and well under 2012’s 110.
1 in 5 listings has cut its price
19% in the last year, against 12% in 2017–19 and 20% across New York. More sellers are pricing high and coming down.
Since 2019, houses are up 58%, condos 41%
A house typically sold for $592K in the last year (73 sales), a condo for $546K (31).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Riverhead ranks 272nd of 362 busy New York markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Riverhead is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Riverhead home costs about $3,816 a month
Price: Riverhead’s typical sale, last 12 months. Property tax at Riverhead’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Riverhead is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $573K home, about $9,910 a year.
Taxes vs. neighborsSchools
The schools grade for Riverhead, from test results, graduation and how much students grow.
Schools in RiverheadTypical commute
The average one-way trip to work for people who live in Riverhead.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Calverton and Wading River sell for less a square foot; Jamesport for far more
The busier markets within 25 miles of Riverhead, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Riverhead | 106 | $573K | $394 | 44% | 39 |
| Wading River | 77 | $737K | $380 | 42% | 54 |
| Baiting Hollow | 47 | $624K | $405 | 32% | 75 |
| Calverton | 38 | $654K | $369 | 42% | 62 |
| Flanders | 25 | $637K | $468 | 40% | 53 |
| Jamesport | 23 | $1.2M | $697 | 4% | 84 |
| Aquebogue | 21 | $883K | $441 | 24% | 76 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Riverhead, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Riverhead. People who follow the town see it, and so do people comparing Riverhead with their own town. No commission, no listing fee.
Questions about buying a home in Riverhead
What do homes sell for in Riverhead, NY?
106 homes sold in the year to May 2026 at a typical $573K, $394 a square foot. Houses sold for about $592K, condos for about $546K.
Is Riverhead a buyer’s or seller’s market?
A seller’s market: 25 homes were for sale in May 2026 and 10 sold, about 2.5 months of supply. Buyers paid 100.2% of asking on average, and 19% of listings cut their price.
When is the best time to buy in Riverhead?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Riverhead?
About 1.7% of a home’s value a year. On a $573K home that’s near $9,910.
Where can I see homes for sale in Riverhead?
Zillow, Redfin, Realtor.com and Homes.com all carry Riverhead’s MLS listings; the search links above open each one filtered to Riverhead.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).