Comprehensive market data and analysis• Updated Dec 2025
63.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 4 |
| 1-2 acres | - | 1 | 2 | 3 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 4 | 10 |
Acreage buckets
The median price for land in Riverhead, New York is currently $401K per acre. For a typical parcel, the median sale price is $440K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $190K while premium lots reached $1.4M.
Riverhead, New York is currently a strong buyer's market with 63.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Riverhead, New York currently has 63.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Riverhead, New York averages $559K per acre. The median price per acre is $401K, which may be more representative of typical transactions. Most parcels sold are around 1.1 acres.
The median land price in Riverhead, New York stands at $440K. This translates to roughly $401K per acre for the typical parcel size. The average price is $853K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Riverhead, New York saw 10 properties sold, totaling $8.5M in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Riverhead, New York is 1.6%. The 12-month rate is 4.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
