Is River Forest Township, 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, River Forest Township has remained a Seller's Market.
Housing Prices in River Forest Township, IL
How much do homes in River Forest Township, IL cost?
Median Sold Price
$497,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in River Forest Township was $497,000 in April 2024, down 1.2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.2K | $146K | +47.1% |
2 Bedrooms | $233K | $245K | +5.2% |
3 Bedrooms | $582.2K | $499.9K | -14.1% |
4 Bedrooms | $910K | $901.5K | -0.9% |
5+ Bedrooms | $1.1M | $1.3M | +12.9% |
Summary: River Forest Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Maywood | $240K | $245K | +2.1% |
River Forest Township | $503K | $497K | -1.2% |
River Forest | $503K | $497K | -1.2% |
Oak Park | $390.4K | $384.1K | -1.6% |
Oak Park Township | $390.8K | $383.6K | -1.8% |
Housing Supply in River Forest Township, IL
How many homes are available in River Forest Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 54 | +22.7% |
Summary: The River Forest Township real estate market had 54 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The River Forest Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in River Forest Township in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for River Forest Township, IL
How long does it take to sell a home in River Forest Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 45 Days | -1.7% |
Summary: Homes in River Forest Township had an average of 45 days on market in Apr 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in River Forest Township; 67% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.