Is Riverside, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Riverside has remained a Seller's Market.
Housing Prices in Riverside, IL
How much do homes in Riverside, IL cost?
Median Sold Price
$379,500
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside was $379,500 in April 2024, down 2.7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.5K | $136.1K | +23.2% |
2 Bedrooms | $272K | $280K | +2.9% |
3 Bedrooms | $417.5K | $355K | -15.0% |
4 Bedrooms | $600.5K | $625K | +4.1% |
5+ Bedrooms | $595.5K | $616.5K | +3.5% |
Summary: Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Berwyn | $296K | $324.9K | +9.8% |
North Riverside | $300.5K | $329.2K | +9.6% |
Riverside Township | $362K | $385K | +6.4% |
Lyons | $246K | $250K | +1.6% |
Riverside | $390K | $379.5K | -2.7% |
Housing Supply in Riverside, IL
How many homes are available in Riverside, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 63 | +31.3% |
Summary: The Riverside real estate market had 63 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 12 | 18 | +50.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Riverside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Riverside in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for Riverside, IL
How long does it take to sell a home in Riverside, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 10 Days | -80.8% |
Summary: Homes in Riverside had an average of 10 days on market in Apr 2024, down by 80.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Riverside; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.