Is Riverside 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, Riverside Township has remained a Seller's Market.
Housing Prices in Riverside Township, IL
How much do homes in Riverside Township, IL cost?
Median Sold Price
$385,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Riverside Township was $385,000 in April 2024, up 6.4% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.5K | $136.1K | +23.2% |
2 Bedrooms | $272K | $285K | +4.8% |
3 Bedrooms | $385K | $360K | -6.5% |
4 Bedrooms | $535K | $582.5K | +8.9% |
5+ Bedrooms | $575K | $616.5K | +7.2% |
Summary: Riverside Township 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 4.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Brookfield | $315K | $349.9K | +11.1% |
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 Township, IL
How many homes are available in Riverside Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 69 | +27.8% |
Summary: The Riverside Township real estate market had 69 homes for sale in April 2024, a 27.8% 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 | 13 | 18 | +38.5% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 6 | 14 | +133.3% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Riverside Township 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 38.5%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Riverside Township in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 30% were sold under asking, 13% were sold at asking, and 57% were sold over asking.
Days on Market for Riverside Township, IL
How long does it take to sell a home in Riverside Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 10 Days | -80.5% |
Summary: Homes in Riverside Township had an average of 10 days on market in Apr 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
21 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, 23 homes were sold in Riverside Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.