Is Riverwoods, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Riverwoods was a Buyer's Market.
Housing Prices in Riverwoods, IL
How much do homes in Riverwoods, IL cost?
Median Sold Price
$777,500
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverwoods was $777,500 in April 2024, up 5.8% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $329K | N/A |
3 Bedrooms | $649.9K | $689.9K | +6.2% |
4 Bedrooms | $760K | $806.9K | +6.2% |
5+ Bedrooms | $845K | $1.1M | +36.1% |
Summary: Riverwoods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 36.1%.
Median Sold Price Compared To Nearby Cities
West Deerfield Township | $662.8K | $740.5K | +11.7% |
Riverwoods | $735K | $777.5K | +5.8% |
Vernon Township | $459.7K | $483.3K | +5.1% |
Lincolnshire | $635.4K | $599.9K | -5.6% |
Housing Supply in Riverwoods, IL
How many homes are available in Riverwoods, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The Riverwoods real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Riverwoods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Riverwoods in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Riverwoods, IL
How long does it take to sell a home in Riverwoods, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 17 Days | -75.8% |
Summary: Homes in Riverwoods had an average of 17 days on market in Apr 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Riverwoods; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.